'This could be something more substantial': Wall Street braces for more Fed rate hikes

Wall Street is preparing for further Fed rate hikes as Federal Reserve Bank of St. Louis President Alberto Musalem suggests additional interest rate increases may be necessary to quell inflation. Musalem noted that monetary policy might still be stimulating the economy following this month's hike. These potential adjustments are viewed as essential for the central bank to achieve its specific inflation goals, leading investors to brace for more substantial monetary tightening in the coming period.