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MNI STATE OF PLAY: Fed To Debate More Aggressive Rate Moves

(MNI) Washington

Worse-than-expected inflation and inflation expectations data lead to speculation on surprise 75bp increase Wednesday.

Federal Reserve officials are set to debate even more aggressive interest rate increases at their meeting this week after inflation and inflation expectations data came in worse than expected Friday and Monday.

Futures markets all but fully priced in a 75-basis-point rate increase this week after a Wall Street Journal report late Monday suggested the FOMC could surprise markets with such a move, which would be the first rate increase of such a magnitude since a rare 3/4-point hike in 1994.

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Federal Reserve officials are set to debate even more aggressive interest rate increases at their meeting this week after inflation and inflation expectations data came in worse than expected Friday and Monday.

Futures markets all but fully priced in a 75-basis-point rate increase this week after a Wall Street Journal report late Monday suggested the FOMC could surprise markets with such a move, which would be the first rate increase of such a magnitude since a rare 3/4-point hike in 1994.

Keep reading...Show less