by Calculated Risk on 8/17/2022 02:10:00 PM
From the Fed: Minutes of the Federal Open Market Committee, July 26-27, 2022. Excerpt on housing and policy:
In their assessment of the policy outlook, market participants expected significant policy tightening in coming meetings as the Committee continued to respond to the current elevated level of inflation. Nearly all respondents to the Desk survey anticipated a 75 basis point increase in the target range at the current meeting, and most expected a 50 basis point increase in September to follow.