Door Is Open to Two 75 Bps Fed Hikes: JPMorgan's Michele

The video discusses the Federal Reserve's recent decision to implement a 75 basis point rate hike and the subsequent market reactions. Various banks, including Goldman Sachs and JP Morgan, predict further hikes in the coming months. The discussion highlights the Fed's strategy to front-load rate hikes, similar to 1994, aiming for a soft landing. The video also examines Wall Street's perspective and the Fed's infamous dot plot, suggesting a potential Fed funds rate of 3.5% to 4% by year-end.

Discuss the implications of the dot plot mentioned in the text for future monetary policy.

What are the expected ranges for the Fed funds rate by the end of the year according to the text?