Inflation Shock Puts 75 Basis Point Fed Rate Hike In Play, Triggers Recession Fears

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The Street

By Martin Baccardax “The idea that there is some Goldilocks outcome in the cards or soft landing is a mockery,” said Quill Intelligence CEO Danielle DiMartino Booth. The Federal Reserve could shock markets this week with a bigger-than-expected 75 basis point rate hike, futures data indicated Monday, as investors react to last week’s white-hot inflation data and its impact on the world’s biggest economy. The CME Group’s FedWatch suggests a 42.1% chance of a 75 basis point rate increase on Wednesday, up from just 3.1% a week ago, following Friday’s Commerce Department reading of consumer price i…

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