Many are hoping for a "step-down" in policy that could see a rate increase of half a point at the December meeting and then a few smaller hikes in 2023.

MORNING SQUAWK APAC Wednesday November 02 2022 AS OF WED, NOV 02, 2022 • 09:20 ET S&P 500 Close 3,759.69 -2.50% -96.41 S&P 500 Futures 3,768.75 UNCH UNCH 10-Year Treasury 4.115% 0.00% +0.054 Fed approves 0.75-point hike to take rates to highest since 2008 and hints at change in policy ahead Many are hoping for a "step-down" in policy that could see a rate increase of half a point at the December meeting and then a few smaller hikes in 2023.   More » Australia shares down 2% in negative Asia session after Fed signals more hikes ahead Shares in the Asia-Pacific dropped on Thursday after the U.S. Federal Reserve Chairman Jerome Powell signaled further hikes ahead. More » Fed rate hikes could go even further than expected as Powell commits to stomp out inflation The Fed remains set on beating inflation and could raise rates to an even higher-than-expected level, though it may reduce the size of its hikes. More » Jeffrey Gundlach says bonds are attractive now. Here's how he builds a portfolio with an 8% return The so-called bond king said Treasurys are now "potentially a profit maker." More » Dow closes 500 points lower, Nasdaq sheds 3% as Fed Chair Powell signals intent to continue hiking rates Stocks fell on Wednesday in wild action as traders tried to interpret the Federal Reserve's next move after it delivered another three-quarter point rate hike. More » TODAY'S GUEST HIGHLIGHTS ON CNBC All times in SIN/HK 10:00 MICHAEL YOSHIKAMI              Destination Wealth Management, Founder & CEO                             Markets + stock picks, Fed  10:30 UMA MORIARITY 10:30 PIYUSH GUPTA                            DBS Group, CEO DBS Earnings                                                      Unsubscribe Digital Products Manage Newsletters Feedback Terms of Service Privacy Policy Join the CNBC Panel © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal.   900 Sylvan Avenue, Englewood Cliffs, NJ 07632   Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis.   Data also provided by THOMSON REUTERS