2min chapter

Forward Guidance cover image

The Central Bank Of Russia Is On The Defensive with Joseph Wang & Frances Coppola

Forward Guidance

CHAPTER

The Fed's Resolve to Hike Rates

The market understands what's happening. The Fed is a dual mandate, right? Full employment, price stability. This Russian shock, it is hugely inflationary. Now, there's still uncertainty here because there's a financial stability angle as well. But I would be surprised if they didn't at least hike 25 basis points.

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