{
  "id": 9001038,
  "title": "'This could be something more substantial': Wall Street braces for more Fed rate hikes",
  "url": "https://urgent.news/2026/09/20/this-could-be-something-more-substantial-wall-street-braces-for-more",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-20T12:34:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/economy/policy/article/this-could-be-something-more-substantial-wall-street-braces-for-more-fed-rate-hikes-123400710.html"
  },
  "original_language": "en",
  "account": "Wall Street is preparing for potential additional Federal Reserve rate hikes this year, according to industry experts. Michael Goosay, chief investment officer of global fixed income at Principal Asset Management, suggests the hikes could be more significant if the Fed aims to reduce demand through inflation control measures. Investors have given a more than 50% probability of a second rate hike in October following the Federal Reserve's unanimous decision to raise rates last week. The Fed's Summary of Economic Projections also anticipates one more rate hike this year. Goldman Sachs economists now expect a second 25 basis point hike, deviating from their previous expectation of a single hike in September. Veteran strategist Ed Yardeni has lowered his year-end S&P 500 price target from 8,400 to 7,900, anticipating multiple rate hikes. Higher oil prices could exacerbate bond yields, suggesting the Fed's hikes may mark the start of a rate-hiking cycle. Bank of America equity strategist Savita Subramanian anticipates a pullback in the S&P 500, foreseeing a 3% decrease from current levels. Despite challenges such as bond yields, oil prices, and a strong dollar, Wall Street strategists remain optimistic, particularly for the fourth quarter, with some highlighting potential benefits from AI-related capital expenditures. Investment experts recommend a balanced approach between growth and value stocks, focusing on large-cap equities over small caps in a higher interest rate environment.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "Wall Street rises as AI stocks shine, oil drops; Dow, S&P, Nasdaq up",
        "url": "https://urgent.news/2026/09/21/wall-street-rises-as-ai-stocks-shine-oil-drops-dow-s-p-nasdaq-up",
        "published": "2026-09-21T15:52:40.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Wall Street surged higher to start the week ahead of the Trump-Xi summit",
        "url": "https://urgent.news/2026/09/21/wall-street-surged-higher-to-start-the-week-ahead-of-the-trump-xi",
        "published": "2026-09-21T20:08:42.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}