Federal reserves interest hike

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[{"selector":"#anim-5d24e083-d000-46ff-9e89-c070fc442186 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.249999904429615%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Powell's comments suggest that the Fed will adopt a more aggressive approach to interest rate hikes than previously anticipated, potentially raising rates more frequently and by larger amounts than originally thought.

The market now predicts a 50 basis point increase in interest rates in March, followed by a terminal rate of 5.75% before the Fed stops.

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The change in tone was prompted by the January inflation data and the strength of the labor market.

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