25 BPS Hike In March Seems Most Likely, Fed Passes Trading Restrictions for FOMC Members, Bank Presidents and Staff

Fed minutes were released on Wednesday and actually helped the market regain some of the losses caused by Russian aggression. They indicated, unlike the comments of Bullard, that most of the committee is still committed to a measured action, not shock and awe 50 bps hikes or hikes between meetings. The Fed has been a steady tailwind for the market since the advent, but it has also had consistent messaging.

The recent string of high inflation reports has put pressure on the Fed and is exposin...

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