Principal Asset Management strategist: The Federal Reserve may raise interest rates at least once more

Seema Shah, Chief Global Strategist at U.S. asset management firm Principal Asset Management, believes, "The market debate has now shifted from whether interest rates will rise again to how many more rate hikes there will be in the future. The unanimous vote in this (Federal Reserve) decision indicates that rising energy prices and stubborn inflation have even brought the dovish members on board, making the possibility of a 'one-and-done' hike extremely low." She added that since multiple rate hikes are already priced in by the market, policymakers may need to raise rates at least once more to maintain credibility.