
May 16, 2022Topics shared in this publication are:At its May 4, 2022 meeting, the Fed raised rates by 50bps as expected, bringing the target range for the federal funds rate to 0.75% to 1.00%. This was the first hike of that magnitude since May 2000.Chair Powell gave very specific forward guidance for upcoming rate hikes, saying “our expectation is, if we see what we expect to see, then we would have 50 basis point increases on the table the next two meetings.