And there you have it, the market is now pricing that Fed Funds will be at 100bp, by end-2022.

Sharing is Caring!

Fed Needs Half-Point Hike

Billionaire investor Bill Ackman says the Federal Reserve is losing its battle against inflation and should raise its key interest rate by a bigger-than-expected 50 basis points in March to “restore its credibility.”

“A 50 bp initial move would have the reflexive effect of reducing inflation expectations, which would moderate the need for more aggressive and economically painful steps in the future,” Ackman said in a series of tweets.

Facing pressure from Congress and the public to tackle the hottest inflation since the 1980s, a chorus of officials this month floated raising rates in March and the potential need to hike four and even five times this year, marking a clear shift in outlook from just a few weeks ago.

See also  Inflation topping out is just means demand destruction and recession. The market will realize this soon. Waterfall sell-off follows when inflation tops.
See also  Stock market's fall has wiped out $3 trillion in retirement savings this year
Help Support Independent Media, Please Donate or Subscribe:

Views: 4

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.