The minutes of the meeting are coming on Thursday! Fed may be more hawkish than expected, dousing hopes of a pause in rate hikes.
Michael Kramer, founder of Mott Capital Management, thinks the minutes of the February Fed meeting could show a sharp rise in interest rates.
Kramer said this week's Fed meeting minutes could bring some surprises to investors, but more importantly, it could shed light on the Fed's plans for the path of rate hikes.
Fed Chairman Jerome Powell said at the FOMC meeting that the minutes will reveal the Fed's discussions on deciding when to stop the rate hike cycle.
A big surprise may be that not all Fed members agree to slow down the pace of rate hikes. Last week, Cleveland Fed President Mester and St. Louis Fed President Bullard noted that they were leaning towards a 50 basis point rate hike.$S&P 500(.SPX)$
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