How hawkish was the Fed at its recent meeting?
The Feds new motto seems to be: Supersize it!
The Fed has made a very hawkish move. It has barreled ahead with the third hike of 75 bps. Its plan for the rest of the year implies another 75-bps hike at the next meeting in November and a 50-bp hike at December's meeting. It was just a few months ago that rate increases of this magnitude would be shocking, but they are now becoming routine.