The Fed is going to be Hawkish
Based on the stats below, employment is improving but inflation has been eroding ppl's savings. Ppl's purchase power is dropping and thus spending more on goods. Saving is then dropping. There is a clear negative correlation between personal saving rate and inflation rate. The healthy employment and rising inflation rate are giving ground to the Fed to be Hawkish.
Full Time Employment (approx. 133000 thousand)
Personal Saving Rate (4.4)
Inflation Rate (8.6)
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