{"id":1870353,"date":"2023-03-07T12:12:11","date_gmt":"2023-03-07T17:12:11","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/odds-of-big-rate-hike-soar-as-powell-testifies-more-pain-is-coming\/"},"modified":"2023-03-07T12:14:30","modified_gmt":"2023-03-07T17:14:30","slug":"odds-of-big-rate-hike-soar-as-powell-testifies-more-pain-is-coming","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/odds-of-big-rate-hike-soar-as-powell-testifies-more-pain-is-coming\/","title":{"rendered":"Odds of big rate hike soar as Powell testifies more pain is coming"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fodds-of-big-rate-hike-soar-as-powell-testifies-more-pain-is-coming%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1870353&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_78203728\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"Biden administration found to have silently forgiven billions in student debt\">               <meta itemprop=\"description\" content=\"While public attention has swirled around Supreme Court holdups over the Biden administration's ambitious student debt forgiveness plan, billions of dollars in debt have already been forgiven quietly. Over 770,000 students have applied for debt forgiveness through an Education Department program that allows borrowers to assert a defense to repayment if it can be proven that their school misled them or broke state law, according to the Los Angeles Times. The program began toward the end of the Obama administration but has gained significant traction in the Biden administration.\">               <meta itemprop=\"duration\" content=\"PT1M43S\">               <meta itemprop=\"uploadDate\" content=\"2023-03-07 15:41:05\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/03\/localimages\/1256916_th_1678203719.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1256916.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_78203728\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1256916\"} }); <\/script>               <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>              <\/div>\n<\/p><\/div>\n<p><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/federal-reserve\" target=\"_blank\" rel=\"noopener\">Federal Reserve<\/a> <span class=\"ArticlePage-articleBody-firstLetter\">C<\/span>hairman <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/jerome-powell\" target=\"_blank\" rel=\"noopener\">Jerome Powell<\/a> He struck a cautious tone in his semi-annual <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/powell-fed-testify-congress-what-expect\" target=\"_blank\" rel=\"noopener\">congressional testimony<\/a> On Tuesday, the chances of an even larger interest rate increase are higher <\/p>\n<p>Powell said that the economy had remained stronger than expected despite higher rates. And he hinted that this year rates would rise further than was anticipated. Investors have been betting on an even bigger Fed rate increase at their meeting this month. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/restoring-america\/faith-freedom-self-reliance\/congressional-rebuke-and-looming-biden-veto-cement-esg-as-major-political-conflict\" target=\"_blank\" rel=\"noopener\">CONGRESSIONAL REBUKE AND LOOMING BIDEN VETO CEMENT ESG AS MAJOR POLITICAL CONFLICT<\/a><\/b> <\/p>\n<p>Powell claimed that Powell was correct. &#8220;suggest that the ultimate level of interest rates is likely to be higher than previously anticipated. If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes.&#8221; <\/p>\n<p>&#8220;Restoring price stability will likely require that we maintain a restrictive stance of monetary policy for some time,&#8221; He concluded. <\/p>\n<p>Markets responded immediately. CME Group&#8217;s FedWatch Tool, which computes the likelihood of an increase in Fed rates by using futures prices, calculated the probabilities prior to Powell speaking. They estimated that the chances of a slightly milder 0.25 percentage points increase would be around 70%. <\/p>\n<p>Powell said that the odds were flipped. The odds of getting a zero were as of Tuesday morning.<\/p>\n<\/div>\n<p><\/p>\n<hr>\n<p>Click Here to Read More <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/powell-odds-rate-hike-testifies\">Odds of big rate hike soar as Powell testifies more pain is coming<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Chairman Jerome Powell He struck a cautious tone in his semi-annual congressional testimony On Tuesday, the chances of an even larger interest rate increase are higher Powell said that the economy had remained stronger than expected despite higher rates. And he hinted that this year rates would rise further than was anticipated. Investors &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1896648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[4726,5861,10904,8046,8975,6366,10666,8643],"class_list":["post-1870353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-coming","tag-hike","tag-odds","tag-pain","tag-powell","tag-rate","tag-soar","tag-testifies"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1870353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1870353"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1870353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1896648"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1870353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1870353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1870353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}