The Federal Reserve’s Christopher “Fats” Waller thinks that your rates are too low.
“The data is basically screaming at us to go 50 but the geopolitical events were telling you to go forward with caution. So those two factors combined pushed me” to support the 25 basis points increase, he said. “Going forward that will be an issue whether to think about going 50 in the next couple of meetings or not. But the data certainly seem to suggest that we move in that direction.”
WIRP is pricing in over 7 rate increases by February 2023 as the Treasury yield curve (10Y-2Y)
Fed’s “Fats” Waller:
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