The Fed Needs to Be More Aggressive With Inflation

As long as inflation is continuing to surprise to the upside, doesn't show any clear signs, you know, trending lower, they need to use their policy tools to address it. And what they're going to do is just jack up rates. The market interpreted the inflation print as meaning that the fed needs to be more aggressive. So you started to price in about 83 basis points of a hike in the september meeting. Wel a verses like 72, 70. Sove were talking, but they don't do it at that granular level so we're talking 75.