Fed Mega-Hike Expected On September 21, Despite Tamer Inflation Forecasts – Here’s Why

The Fed has been raising rates aggressively to tame inflation since its meetings in March of this year. The last two meetings have seen large 75bps hikes and we could see another when the Fed sets rates on September 21. Futures markets currently give a 9 out of 10 chance that the Fed makes a big 75bps move, with a small chance of 50bps.