<div id="readability-page-1">Hawkish Fed stance: Christopher Waller said higher rates could be necessary if inflation persists, pointing to energy-driven price pressures from the Iran War. Market impact: Treasury yields stayed elevated and rate hike bets rose, while the VIX Index edged down to 16.70. Key data ahead: The May 28 PCE inflation report is expected to guide expectations for future Fed policy decisions.</div>

.VIX

.SPX

.NDX

<p>Fed's Waller indicated that rate hikes may be needed if inflation continues, citing energy price pressures from the Iran War. This has led to elevated Treasury yields and increased rate hike expectations, while the VIX Index decreased to 16.70. The upcoming May 28 PCE inflation report is anticipated to influence future Fed policy decisions.</p>

- Christopher Waller indicated that higher interest rates may be needed if inflation continues, citing price pressures from the Iran War.  
- Treasury yields remained elevated and expectations for rate hikes increased, with the VIX Index decreasing to 16.70.  
- The upcoming May 28 PCE inflation report is anticipated to influence future Federal Reserve policy decisions.

Cboe Volatility Index

S&P 500

NASDAQ-100

Dow Jones Industrial Average

NASDAQ Composite Index

Invesco QQQ Trust

VG S&P 500

Invesco Nasdaq 100 ETF

SPDR S&P 500

SPDR Djia

iShares Core S&P 500

Fed's Waller warns of potential rate hikes on inflation risks