ProShares UltraPro Short QQQ ETF (SQQQ)

[tw0122]

“The Fed Now Has Good Reason To Surprise Markets”: Barclays Is First Bank To Call For 75bps Next Week

Posted on June 10, 2022 by Constitutional Nobody
“The Fed Now Has Good Reason To Surprise Markets”: Barclays Is First Bank To Call For 75bps Next Week

With Wall Street still stunned at today’s blistering red-hot CPI, and with 2Y yields blowing out almost 20bps today, rising above 3.00%, the highest since 2008 (right around the time Lehman was sacrificed for the greater good) broad-based price pressures, with little indication that these have peaked, banks are starting to break ranks with the Fed-imposed consensus, and are predicting that the Fed will shock markets next week when it will hike more than it has guided.