Nick Timiraos, the "Fed Mouthpiece", says it is difficult to predict the extent of the Fed's rate hike

According to ChainCatcher, Nick Timiraos, a reporter for the Wall Street Journal who is known as the "Federal Reserve's mouthpiece," said on social media that it is difficult to predict the Fed's rate hikes, especially its future actions. The Fed raised interest rates at all seven meetings last year. One increase was 25 basis points, two increases were 50 basis points, and four increases were 75 basis points. Last year, Bank of America predicted that the Fed would raise interest 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 Fed's benchmark interest rate to 1.9% at the time. At the end of last year, the benchmark interest rate was 4.4%.

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