So the Fed Will Finish 2022 With a Rate-Hiking Bang, Then Coast, Right?
The futures market expects raises Wednesday and next month, maybe reaching a peak.
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The futures market expects raises Wednesday and next month, maybe reaching a peak.
The Fed is expected to increase the benchmark federal funds rate by 75 basis points at the conclusion of its meeting on Wednesday in order to fight inflation.
According to FRED data from the Federal Reserve Bank of St. Louis, annualized monthly inflation peaked last June at 12.83% and has been falling since then.
In a recent interview, Booth claimed that the Fed's hawkishness is not about inflation but dismantling expectations of the Fed put.
The Federal Reserve is likely to approve the third straight 75-basis-point interest rate hike on Wednesday as it further intensifies its war on inflation.