- Fed has signaled plans to raise rates to 5% next year
- Higher wages could lead them to continuing hiking to higher levels than are priced in
- Notes Dec 13 CPI as key, could lead to another 50 bps hike in Feb
- Landing zone for dot plot could be between 4.75-5.25%
- Full article
Following today's ISM services data, Fed fund futures peg the terminal rate at 4.98%.
