Hacker News Reader

> The way to deal with inflation is the way Paul Volcker dealt with it in 1980: raise interest rates significantly - not these piddly 1/4% raises.

The market is pricing in a 87% chance the next hike is 50 bps, and a roughly 95% chance of the rate being at least 2.25-2.5% by the end of the year.

The market isnt always right, and even a series of back to back 50 bp hikes might not be enough. We'll see.