When the fed starts raising, they always end up raising 6+ times. When on #2 they are raising it this much... hold onto your socks.

>and current market pricing has the rate rising to 3%-3.25% by year’s end

Are you holding on tight?

>“In addition, COVID-related lockdowns in China are likely to exacerbate supply chain disruptions. The Committee is highly attentive to inflation risks,” the statement said.

To debate supply vs demand side is pointless because the fed doesn't even know.