FOMC day November 2nd.
Hikes By 75Bps; Target Range Stands At 3.75% - 4.00%
Interest Rate On Reserves Balances Raised By 75Bps To 3.90% From 3.15%
Unanimous Fed Vote In Favour Of Policy - Prepared To Adjust Policy As Appropriate, 'Highly Attentive To Inflation Risks'
Ukraine War Creates Additional Upward Pressure On Inflation, Weighs On Global Economic Activity
TL;DR:
Slow down sometime, Maybe 50bps in December
Terminal rate higher
Premature to even talk about pausing
Soft landing still possible but narrowing
POWELL: NO ONE KNOWS IF THERE WILL BE A RECESSION (Is he joking?)