Moody's: The Fed is likely to raise rates ahead of time, by 75 basis points this week

BlockBeats news, September 19, the famous bond rating company Moody's said that the US August CPI data will change the calculation of the Federal Reserve, which may raise the target range of the federal funds rate by 75 basis points. Financial markets have fully priced in a 75 basis point rate hike from the Fed this week, pricing in a 25 per cent chance of a 100 basis point increase. It is clear that the Fed will move forward more often than we had expected, and that the terminal rate will be higher. Moody's now expects the Fed to raise rates by 50 basis points in November, compared with its previous forecast of 25 basis points, and left unchanged its forecast for a 25 basis point hike in December. That means the target range for the federal funds rate is likely to be somewhere between 4% and 4.25%. In addition, Moody's noted that "the Fed's record of tightening monetary policy without causing a recession has not been stellar". The (golden) ten