Fed Chair Jerome Powell fuelled fears of a Ratemaggedon with a hawkish performance in his press conference. But even with both wage and underlying price inflation running at near 40-year highs, we suspect that disappointing real economic growth this year will limit the Fed to 100bp of tightening.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.