The WSJ and some investment banks have said 75bp is likely. That's my guess, although 50bp is also possible. The Fed does not like to shock the markets, so I th

The WSJ and some investment banks have said 75bp is likely. That's my guess, although 50bp is also possible. The Fed does not like to shock the markets, so I think 100bp is very unlikely. I wonder how high Fed Funds will have to go. The Fed Funds futures market prices a 3.8% rate by May 2027. Historically, Fed Funds has risen to at least the level of inflation, which is currently 8.6%, during a tightening cycle.