Fed Rate Decision: Will Powell Tear-Up His Own Guidance And Deliver ‘Shock & Awe’ Hike?

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The Street

By Martin Baccardax “If the Fed were to deviate from the market discount, logically it should then be going for a 100 basis point hike,” said ING rate strategists. The Federal Reserve is likely to deliver its most aggressive rate hikes in two decades Wednesday in order to help tame the fastest inflation in four as Chairman Jerome Powell appears ready to abandon his own guidance in order to win back the central bank’s waning credibility on Wall Street. Powell himself told reporters in May, following the Fed’s biggest hike in twenty years — a 50 basis point increase –that a similar move in Jun…

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