Fed Decision Signals not Much Push Needed to Do More

0330 GMT - The Fed's latest meeting signals that it won't take much to push the central bank to three hikes and potentially more if needed, says Robert Sockin, chief U.S. economist at PGIM. This was a hawkish hike and the Fed signaled one additional rate hike this year. Eight out of 18 Fed officials who submitted forecasts signaled three hikes in the current cycle by the end of 2027. Chairman Kevin Warsh noted that "the Fed removed a 'dose of accommodation,' which sounds like he and other participants view [Wednesday's] action as just a modest step toward tightening financial conditions--suggesting that there is likely more to come," Sockin says in a note.Risks remain tilted to the Fed doing more if inflation continues to run high, Sockin adds.