It seems in interest rate markets there are now more bets on multiple 75-basis-point rate this year. That is not the consensus but it is good to see this is the way the Fed might move. Moving rates to 2.5% by the end of the year is a complete joke. Much more aggressive action is needed the massively reduce the liquidity in the market.
More aggressive action would lead to a recession, many economists are worried that even as far as the Fed will go could lead to recession. Rates need to go up yes, but it needs to be done gradually so that economic growth does not slow too much, all at once.
