Goldman Sachs: three more Fed rate hikes coming this year

and a disappointing inflation report that pointed to the pervasiveness of high consumer prices, has raised the specter of a higher peak rate. rose 0.5% in January, the most in three months. The annual inflation rate also surprised to the upside at 6.4%.

That data has prompted some traders to reexamine their rate hike expectations for the year, with a growingnow betting the Fed could raise rates by higher than previously projected. About 58% of traders expect the Fed to increase the federal funds rate by another 75 basis points, while 17% expect rates to increase by a full percentage point, according to data from the CME Group's FedWatch tool.

Jerome Powell needs to go! Put someone in that position that can turn this economy around.

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Oil falls as expected interest rate hikes to impact fuel demandOil prices extended losses on Wednesday on expectations the U.S. Federal Reserve is likely to indicate it will continue to raise interest rates in comments due out later, raising concerns of lower global economic growth and fuel demand. I swear all these articles are giving me motion sickness. One day oil prices are falling then the next day it's rising, then fall again...
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