0552 GMT - The Federal Reserve had no choice but to give the market a hike or risk a much bigger bond market selloff, which is shown in the 12-0 vote, Laffer Tengler Investments' Byron Anderson says in a note. "The Fed is trying to calm the bond market rather than signaling a hiking cycle," the head of fixed income says. The market narrative is on a collision course with the Fed from here on out, which means more volatility, he says.
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