Market Brief: Warsh’s Fed Delivers Rate Hike

The Federal Open Market Committee (FOMC) delivered a 25 basis point rate hike at its September meeting, following through on Chairman Warsh’s tough stance on fighting inflation. But if inflation is being driven by forces beyond demand, can higher interest rates actually address those pressures? In this Market Brief, Chris Aleman and Mike Sanders give their immediate reaction to the policy decision, examine its potential impact on the yield curve, and discuss what the changing rate environment could mean for bond portfolios in the months ahead. Learn more: https://madisoninvestments.com/the-is... For full disclosures and definitions visit: https://madisoninvestments.com/market... “Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC (“MAM”), and Madison Investment Advisors, LLC (“MIA”). MAM and MIA are registered as investment advisers with the U.S. Securities and Exchange Commission. Madison Funds are distributed by MFD Distributor, LLC. MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer, and is a member firm of the Financial Industry Regulatory Authority. The home office for each firm listed above is 550 Science Drive, Madison, WI 53711. Madison’s toll-free number is 800-767-0300. This report is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security and is not investment advice. Non-deposit investment products are not federally insured, involve investment risk, may lose value and are not obligations of, or guaranteed by, any financial institution. Investment returns and principal value will fluctuate.