Powell Kills March 50bps Rate Hike, But Leaves Door Open For Later In 2022

Assessment: Rest in Peace 50bps March rate hike, and rest in peace the Fed’s best chance to subdue inflation … Moments ago, Fed Chair Powell said that he is “inclined to support a 25 basis point rate hike” in March, which immediately killed any market expectation of a 1+ rate hike in two weeks. However, in the very next sentence, Powell said that if inflation stays hot, he could move more than 25 basis points at

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