Investor uncertainty regarding the path of Federal Reserve rate hikes in the last two years has been a contributing factor to ongoing market volatility. Guidance from Fed Chair Jerome Powell Thursday left investors with much uncertainty as to the long-term path of rate hikes. It will take more “to build confidence that inflation is moving down sustainably toward our goal.” Futures markets priced the likelihood of holding rates at the next Fed meeting at 97% in the wake of Powell’s speech.