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Better-than-expected employment figures point to Fed raising rates in 2 weeks.
Rate hike is 8th since March 2022.
CPI report shows YOY rate at 6.5%, down from 7.1% in November.
Federal Bank of Minneapolis CEO offers thoughts on why Fed was wrong on inflation, and how to fix it.
Final rule identifies benchmark rates based on SOFR to be used effective June 30, 2023.
The 50-basis-point hike is 7th in 2022, but target range for 2023 is still 85 basis points higher.
