The Macro Brief: Charts to Ponder - FOMC Sets The Tone, Ruble to Ruin?, Dollar Funding Still Tight, Sub-emerging Market Credit
Where Market Meet Macro
Market participants are expecting the Federal Reserve to raise the funds rate by 75 bps. Despite naysayers suggesting I was off-base by saying the Fed would “tighten significantly” on Feb 11, the market now is in-line pricing in 75 bps hikes today and June's meeting.
However, markets are also pricing in almost 11 hikes in 2022 - there’s no way. In “Powel…