Graham Stephan: Fed policy rate will rise

The window it was checked over

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

lead us to paying fifty dollars for a loaf of bread by 2030. now they've made it very clear since the beginning of the year that they intend to raise rates and tighten their policies to reduce the demand and price of goods and services and so on March 16th they proved their first rate hike of 25 basis points even though that might not sound like a huge rate increase on paper mortgage rates quickly shot up to five percent the stock market tumbled on concerns that China's lockdown could make U.S inflation even worse and now it's all but confirmed that we'll see a 50 basis point rate hike throughout the rest of the year potentially causing prices to continue fall falling so that of course begs the question how have similar rate hikes happened in the past and is there a chance the dreaded Volker shock happening again 40 years later well here's where things get interesting or at least interesting for me because I'm obsessed with all things personal finance but listen to this the Volker shock all began when Paul volcker became the chairman of the Federal Reserve in 1979 during a Time known as the great inflation see prior to then Congress enacted What's called the Employment Act of 1946 which

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