"Experts" mixed on whether Jerome Powell will increase by 50 vs 75 basis points today.
Neither is enough.
Who is right and does the market already have 75 built in? What does the market want? Lower rates, typically, but does inflation scare them such that they also see need for 75 BP?
What are the odds he pulls an unexpected Paul Volcker and raises rats some dramatic, unanticipated amount… like 300 basis points or some such shock? Remote possibility?