[hot event tracking] the Federal Reserve releases a 50bp single interest rate increase signal

After the Fed raised interest rates for the first time in three years, many Fed officials released hawkish signals this week. On Monday, Fed chairman Powell said the Fed must raise interest rates "quickly" and would do so if a single 50 basis point increase was appropriate. On Tuesday, Brad said raising interest rates by 50 basis points would be a "more appropriate" way to deal with inflation. Officials are also open to 50 basis points of interest rate hikes. Mester said the Fed may need to raise interest rates significantly in the remaining six meetings this year. After many officials spoke, the market expected the probability of raising interest rates by 50 basis points in May to rise to 70% from 50% a week ago. At the same time, as of March 22, the term spread between the yields of 10-year Treasury bonds and two-year Treasury bonds has narrowed to about 20 basis points, just one step away from the upside down. The Fed needs to start the table contraction as soon as possible to alleviate this situation.