Committee participants put it this way, "Federal Fund Rate will be forecasted at 4% until next year." But, it's already 2.5%. There are 2 FOMCs left this year.
If the interest rate increases 75bp this month's FOMC, the Federal Funds Rate will be 3.25%, which means 75bp left until next year. If the incoming data such as CPI is good(low), it's likely possible to increase 50bp.
Powell put it this way, "An unusual increasing level includes 50bp." So, I predict they will increase 50bp this month's FOMC.
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Upvoted! Thank you for supporting witness @jswit.
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Great post
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