Stocks rose and bonds steadied after Friday’s warm CPI report took “a lot of the guesswork” out of next week’s Fed decision.

Wall Street welcomed the clarity on the Federal Reserve’s outlook, even if it means higher interest rates for longer. The warm inflation reading removed uncertainty that had been weighing on markets.

Investors now expect the Fed to deliver another rate hike at its upcoming meeting. The shift in expectations had been largely priced in, but the definitive data point helped settle trading desks.

Equities moved higher as bond yields stabilized, suggesting markets prefer a clear path over prolonged ambiguity. The focus now turns to the Fed’s statement and any signals about the pace of future increases.