Another Big Fed Rate Hike Is Coming. But How Much More After That
In fact, the chances of a three-quarters increase in percentage points on Wednesday, though still somewhat remote, increased after the CPI report in May. “The Fed needs to show determination. It does not have the luxury of showing that it does not have the confidence to lay its hands on this persistent and persistent inflation. The next two sessions should be half-increases,” said Todd Lowenstein. Head of The Private Bank’s share strategy at Union Bank....