Fed Hikes 75 Bpts to 3.75-4.0%, Pivots Even More Hawkish: “Very Premature to Be Thinking about or Talking about Pausing.” Markets Tank

by Wolf Richter, Wolf Street: “What I’m trying to do is make sure our message is clear: we think we have a ways to go,” Powell said. “Rates have to go higher and stay higher for longer.” At every single meeting since the initial baby-step in September 2021, the Fed has pivoted further into the […]