Note that the December meeting will be Evans’ last before he retires. There is much room for improvement even with smaller increases Inflation Inflation Inflation is defined as a quantitative measure by which the average price level of goods and services in an economy or…Read this term remains more than the real economy need time to evaluate A 50 basis point increase is still very big Inflation reports are still likely to disappoint If inflation is not favorable and you still want to rise quickly „you can do 50 basis points repeatedly” Fed funds top line will likely be viewed „somewhat higher” in December Fed searching for the right limit level This is the first indicator of when much higher the Fed plans to go in 2023. „Slightly higher” could put something between .75-5.50% playing range. The Fed funds market is at 5.10 percent.