Fed Unfiltered, Weekly Report: 3/20/23

Page(s): 1

Despite all the clarity from Fed Officials, including Powell’s singular message prior to the blackout:

  • Fed Funds is going up;
  • Either by 25bps or a data dependent 50bps;
  • With a terminal rate of 5.50% or higher.

The banking crisis has now muddled the rate hike view.