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Is A Catastrophic Recession Inevitable: Here Are The 5 Things That Can Force The Fed To "Pivot"

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by Tyler Durden
Wednesday, Jun 15, 2022 - 09:44 AM

Ahead of tomorrow's FOMC meeting here is the state of play: after yesterday's unsubtle media intervention by the Fed which leaked its plans to hike 75bps tomorrow (just a day after the same WSJ Fed mouthpiece said a 75bps hike wasn't coming), the market-implied odds of a 75bps (3x25bps) rate hike on Wednesday have surged to just over 100%, after being about 0% just a few days ago.

If realized, and we don't anticipate surprises, this would be the first 75bps rate hike by the Fed since 1994 (if anything the Fed may surprise to 100bps).