Fed's Barr Signals Further Rate Hikes; Asian Stocks Surge, Hike Odds Near 70%

Fed Governor Barr said further rate hikes are likely as inflation risks remain elevated and the economy stays strong. This hawkish signal contrasts with market expectations, yet Asian stocks surged, suggesting investors may be pricing in a resilient economy. The divergence between Fed rhetoric and market reaction introduces uncertainty about the near-term policy path.