[frockington1]

They did the absolute minimum to appear to be able to say they are dong something. With official inflation nearing 8%, this is nowhere near enough. SO far equity markets agree this is effectively nothing

[standardUser]

The Fed said to expect up to 7 increases this year.

[czbond]

And no one believes them. The bond market is doing the rate cuts for them.

[jcadam]

As soon as the economy starts really sputtering, they'll reverse course.

[hgomersall]

It's only nowhere near enough if you view the process as something other than a huge charade. Take a look at the predicted inflation to see how little the monetary policy "experts" have a clue.

[chipgap98]

Isn't this the first of many hikes planned for 2022?

[nine_zeros]

They need to go slow. An abrupt rate increase will cause a recession.

[icedchai]

They are going slow. It will take years to get back to pre-covid levels (2.5%-ish), which were low as it is. We haven't had a historically "normal" rate since the mid 2000's (4 to 5% ish.) There will no doubt be another crisis before we get anywhere near there.

[slaw]

They need to slowly hike interest rate by 25 bps every week for the next 8 months to match inflation.

[phkahler]

In particular a bursting of the housing bubble that has been reinflated (and then some) since the last time it popped in '08.

[bequanna]

Could they go any slower? The consensus seems to be that this is far too little way too late.

[zthrowaway]

They’ll get more aggressive with it after the midterms.