Based off past speech comments, I believe we have yet to hit the levels for certain data they base decisions on. Since those numbers are still slowly ticking up and holding steady over the months. I believe they will hike an additional 75bps in order to “try and tame inflation “ As they’ve stated prior they want to see job losses and pain before they decide to slow or pause hikes. I believe we’re looking at hikes until January before they reflect on market conditions/ data. From there depending on conditions, they’ll either continue the hikes / lower the hike % or take pause to reflect.

“Inflation is transitory” meaning we’re only in a recession until we’re not in a recession. So since its not permanent, we’re not in a recession -Some Genius at the white house drinking (whatever they identify as today) soy frap 2% reduced steamed almond milk, with unicorn sprinkles and notes of self affirmation.