Investment Banks Increase Federal Reserve Rate Hikes This Year; Now 3 hikes of 25bps expected in March, May and June

Goldman: “In light of the stronger growth and firmer inflation news, we are adding another 25bp rate hike to our Fed forecast. We now expect three more 25bp hikes in March, May, and June, for a peak funds rate of 5.25-5.5%” Barclays and LH Meyer have also penciled in a June hike