In the Media | US News & World Report

“The Fed may be much more determined to raise rates – even by 50 basis points at the March meeting given the recent bout of strong economic, inflation and employment data,” James Demmert, chief investment officer, Main Street Research, said on Wednesday morning. “At the same time, the lag effect of rising rates over the past year may be slowing the economy.”“The risk of a recession has now increased in recent weeks, as the lag effect from the Fed's tightening may soon start to show up in the data, just as the Fed has doubled down on raising interest rates,” he added. “This combination of a weakening economy and more rate hikes would surely push the economy into a recession.”

Read the full article here: Fed’s Powell Reiterates Need for Higher Interest Rates, Acknowledging Better Economic Data.