Amar Reganti, fixed income strategist at Wellington Management: A resilient economy should be able to handle rising borrowing costs relatively well. Regardless of the purpose, the Federal Reserve's communication is aimed at cooling the market in terms of expectations of interest rate cuts. The US economy, on the other hand, is in a relatively strong state.

Amar Reganti, fixed income strategist at Wellington Management: A resilient economy should be able to handle rising borrowing costs relatively well. Regardless of the purpose, the Federal Reserve's communication is aimed at cooling the market in terms of expectations of interest rate cuts. The US economy, on the other hand, is in a relatively strong state.