At least one Federal Reserve Governor is talking about a fifty basis-point pop in rates
That's one-half of 1%. It's like moving your mortgage rate from 3.0% to 3.5%.
That's a very big pop for the Fed.
...Yield curve getting close to inverting and making the call – 2s/10s less than 50 basis points away and 5s/10s within 10 basis points. Never mind bonds – things are getting very interesting for the stock market. Will the bulls fight the Fed?
St.Louis Fed's Bullard piled on, urging a 50bps hike asap... and suggesting an inter-meeting hike (and a Q2 start to QT)....
More speculation: the Fed will raise rates SEVEN times this year.
All in the name of crushing inflation. Which it very well may do, but of course, it will also crush the economy. Plenty of charts at the link.
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