It’s usually how it works, I mean it would indicate that they are unable to plan ahead by more than one month which doesn’t look great at all… If they wanted 0

It’s usually how it works, I mean it would indicate that they are unable to plan ahead by more than one month which doesn’t look great at all… If they wanted 0.5 they could just hike it by 0.25 and add another 0.25 later. Exactly the same outcome, less turmoil in the financial markets. Powell’s rhetoric seems to have staid about the same for the last 6 months. Also the fact that their rapid rates hikes were the direct reason behind the second largest bank collapse in US history adds another dimension. Obviously I’m not saying it’s their fault. But well if bond prices go down even more than expected more banks might end up in the same situation.