Data is from CME FedWatch. The March 2023 reaction is interesting.A month ago, the market viewed the odds of a hike to 5.00 to 5.25 percent as 9.2 percent. Today, the rate hike odds jumped from 39.8 percent to 60.2 percent. March Rate Hike OddsSemiannual Monetary Policy Report to the CongressPowell’s Semiannual Monetary Policy Report to the … Continue reading Powell’s Hawkish Speech to Congress Sends Interest Rate Hike Odds Soaring