The Bond Buyer - Munis mixed, USTs rally after FOMC hikes

"The Fed is still in an inflation-fighting mode and chose to use the window they have — a 25 bps would not be a big shock for markets — to ratchet up the rates at the slower pace compared to 2022," said Jan Szilagyi, CEO and co-founder of Toggle.

"Staying the course also signaled to the market that there isn't something ominous the Fed knows that markets may not be aware of," he added.

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