Fed officials sent a message to investors who raised their 2022 interest rate expectations that rate hikes would not be rushed. None of the six Fed officials speaking this week supported the idea of a 50 basis point rate hike in March, with the most aggressive Fed Bullard saying five rate hikes and one more quarterly hike were "not too bad bets." George, another Fed hawk, said that ideally, the Fed would prefer to take it step by step. This prudent forecast stands in stark contrast to that of Wall Street. Julia Coronado, founder of research firm MacroPolicy Perspectives, said Fed officials want to be stable captains and don't want to be perceived as panicking or scrambling, exacerbating unnecessary market volatility.
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