US Fed highest hike since 1994 – 0.75 percent – in response to recent surging inflation caused by trillions US dollars ($1T in April 2020 alone) was added at the start of the Covid-19 pandemic.
In a reversal from last month when Fed Chair Jerome Powell said that officials were not “actively” considering a 75-basis-point hike and would instead go for another half-point hike, investors started pricing in the biggest rate increase since 1994 this week as markets roiled from Treasury and bond yields spike as last month’s annual inflation hit a 40-year high of 8.6% unexpectedly.
The Fed has never in modern Fed history been so far behind the curve. Embarrassing. Not only did the Fed create this mess, they are way behind the curve in fixing it.
Solution: Fed rate hike by 400 BPs, let stock market collapse and then hit the reset button pic.twitter.com/B8OBBedum9— Peter Brandt (@PeterLBrandt) June 15, 2022
Even so, experts like futures Peter Brandt above are calling for a hike of 4% and a complete reset of the financial markets.
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Read more about US Fed highest hike since 1994 – 0.75 percent here https://www.npr.org/2022/06/15/1105026915/federal-reserve-interest-rates-inflation
