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Why One Bank Now Expects Two Huge Fed Hikes In A Row
On the heels of Jim Bullard's trial balloon, and amid unrelenting hawkishness from other officials including Jerome Powell, one bank now expects the Fed to hike rates 75bps at the June policy meeting. And again the following month.
Bullard raised the specter of a 75bps hike during a virtual presentation for the Council on Foreign Relations Monday, and he rekindled the idea Thursday. It's been done, he reminded markets, during remarks at Princeton. And the "world doesn’t come to an end."
If y
I “Cry Uncle”! No major purchases for at least the next few months.
Nothing like the “steadying hand” of the Fed to comfort markets and the masses…might as well just yell “Covid” in a crowded movie house…