Just a couple of weeks ago a 50 bps hike during the March 16th Fed policy announcement was seen as a near certainty. Now, not so much.
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Just a couple of weeks ago a 50 bps hike during the March 16th Fed policy announcement was seen as a near certainty. Now, not so much.
If the prevailing sentiment is the Fed is now backing off on the number of rate hikes, what do you think is going to happen to inflation? Given that commodities are now through the roof for who knows how long thanks to Putin?
My understanding is that for all the talk about what the Fed will do, the Fed has always followed the T-bill rates. Maybe the more interesting discussion is how much the T-bill rates move ahead of the Fed due to jawboning, but I always find it amusing to watch all the intense media/Twitter debates on the eve of Fed meetings, when you can check the T-bill rates and pretty much know whether the Fed will move or not.