Odds of a 50 basis point increase at the March meeting stands at 9 percent

That is up from 5% a week ago and 4% a month ago. Powell did not exclude the possibility of a 50 basis point increase at one meeting in 2022 (or more than one, for that matter). News of further increases in US wage or price inflation could push the odds of a March 50 bp rate higher. Worth noting: the Fed has only increased rates by 50 basis points or more at one meeting on 5 occasions since 1990. (Data Trek)