Fed's George Warns Jumbo Hikes Risk 'Oversteering'

The transcript discusses the Federal Reserve's recent and upcoming interest rate hikes, highlighting the largest increase since 1994. Miss George expresses caution about the pace of these hikes, warning of potential recession risks. In contrast, Rafael Bostic believes the economy can handle the hikes, citing a strong labor market and low unemployment. Despite differing opinions, most Fed officials and investors expect a 75 basis point increase, with no strong case for a larger hike.

What inflation data was expected to be released, and what was the anticipated rate?

What consensus did most Fed officials seem to have regarding the rate hike preference?