As expected, the Fed hiked by 25 basis points. My guess is that they are unlikely to move away from 25 basis points per meeting, at least until something changes. Some people are still trying to sell the story of a one-time 50 basis point hike, but I believe that accomplishes very little — unless they plan multiple 50 basis point hikes....Bond Economics
Does The Fed Really Care About Real Rates?
Brian Romanchuk
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