Reply To: Hawkish Federal Reserve Again Raises Rates 75bps as Expected, March 23 Terminal Rate Higher


Powell Speech:

Inflation is much too high
Business fixed investment looks to have declined in Q2
Labor market is extremely tight
Wage growth is elevated
Price pressures are broad
Although prices for some commodities have turned down, earlier surge has boosted prices and inflation pressure
There is still additional upward pressure on inflation
We’re highly attentive to inflation risks
We are looking for compelling evidence of inflation coming down
The pace of hikes will continue to depend on incoming data and evolving outlook
Another unusually large increase could be appropriate but it’s dependent on data between now and then
Inflation has surprised to the upside in the past year so we will need to be nimble