December CPI, three month annualized rates: Core goods: -4.8% Shelter: +9.2% Services less shelter: 1.2% 

Fed hikes by 75 basis points. New sentence in the FOMC statement signals more increases but hints at possibly smaller increments 

Most Wall Street analysts and investors expect the Fed to raise rates tomorrow by 75 basis points, but some see a small chance of a larger 100-basis-point surprise. If it’s 75, the interest-rate projections and implied “peak” rate   https://foxdeo.com/aLqe.tnk

No major Fed surprises The FOMC voted unanimously to raise interest rates by a half percentage point and announced plans to shrink the $9 trillion asset portfolio beginning June 1  https://foxdeo.com/prb.tnk