When the #Fed uses the Fed Funds Rate to tighten, they put the strain on Main Street. When they use the balance sheet, they put the strain on Wall Street. Guess which one they have been using?

So true David! The real tightening hasn't even begun: t.co/Pz753Ei7YJ

— Caleb Franzen (@CalebFranzen) July 29, 2022

Fed Fund Rate:
Jan 22 = 0.25%
Mar +25bps = 0.5%
May +50bps = 1.0%
Jun +75bps = 1.75%
Jul +75bps = 2.5%
Expect 3.50% by end-22

— Tanveer (@faujian35) July 28, 2022