Jerome Powell is unlikely to do more than 75bps rate hike. Firstly, it is political sensitive to do such a drastic hike before the US midterms and Fed will invite a lot of criticism and pushback. People are already fed up with Fed. Powell may not keephis position if he continues to be stubborn, like how Trump changed Yellen when she does not serve his party's purpose.

Secondly, there are so many signs that inflation is slowing down by now. Even in the peak of inflation in June, Fed only hike rates by 75bps. It would be crazy and unthinkable for Powell to do 100bps at this juncture.

Also, mortgage rate is already higher than 2007 just before the subprime mortgage crisis. Any more rate hikes beyond 4 to 4.25% Fed fund rate is overkill will risk the US economy in a big way. Powell has to leave some buffer and avoid a hard landing, if not his career will be the one undergoI got hard landing for sure after midterms.

Hope that common sense will prevail. No more than 75bps!