"Fed's mouthpiece" Nick Timiraos: It is difficult to predict the magnitude of the Fed's interest rate hike

ChainCatcher news, Wall Street Journal reporter Nick Timiraos, known as the "Fed Whisperer," stated on social media that it is difficult to predict the magnitude of the Federal Reserve's interest rate hikes, especially regarding its future actions. The Federal Reserve raised interest rates at all seven of its meetings last year. There was one increase of 25 basis points, two increases of 50 basis points, and four increases of 75 basis points. Bank of America predicted last year that the Federal Reserve would raise rates by 25 basis points at all seven FOMC meetings in 2022, which was considered an "impossible" prediction at the time. This would have brought the Federal Reserve's benchmark rate to 1.9%. By the end of last year, the benchmark rate was 4.4%.

It is reported that the Federal Reserve will announce the upper limit of its rate decision at 3:00 AM Beijing time on February 2, and Fed Chairman Powell will hold a monetary policy press conference at 3:30 AM. (source link)