Powell reiterates another rate hike needed to hit inflation target Fed's Bowman adds his for raising rates Treasury yields rose as Jerome Powell backed up the recent message from a host of politicians, signaling that the Federal Reserve is not done with raising interest rates yet. Two-year rates (  US2Y futures ), which are more sensitive to imminent Fed policy, hit their highest level since March. The dollar rose against most of its counterparts in developed markets. The S&P 500 struggled to find solid ground, while the high-tech Nasdaq 100 surged as...