FXStreet reports that Stephanie Aliaga, Global Market Analyst at JP Morgan, continues to expect yields to grind higher through the end of the year. 

“The FOMC sent a slightly hawkish signal to markets on its monetary policy outlook, recognizing that the delta variant has slowed economic progress, but also that inflation may prove somewhat stickier than they previously assumed.”

“The statement and projections reflect the committee’s view that the economy has made significant progress towards its goals and receding pandemic effects should allow progress to continue more rapidly in 2022, while also acknowledging more persistently higher inflation than previously forecasted.”

“ We continue to expect yields will grind higher through the end of the year and strong economic growth accompanied by still relatively accommodative monetary policy will provide support to equity markets.”