.5 basis points makes more sense IMHO.
Way too little too late.
It’s a racket. The ups and downs of this kind of stuff comes every few years. It’s a planned thing.
What I want to know why the market doesn’t seem to get that the hikes are coming. Why does it run up then act all butt hurt when the fed does what it said it would do?
If we don’t have a recession this is all for nothing. Bring i. The sooner the better.
Congress can just say we will not spend the $4.6 trillion in new spending they passed these last several months. That would cut inflation way down. The Biden / obama cabal can say we will remove all restrictions on oil and gas. The economy would improve greatly.
The politicians will not as that would help others and not just themselves. They are ok with you paying greatly for their bad actions.