We are not surprised by the FED's hawkishness because we've stated that the fed rate hikes are not working. Therefore, the FED must do more to contain US inflation.
http://sg-stock.blogspot.com/2022/08/the-recent-fed-rate-hikes-are-not.html
What will happen when the FED continues its hawkishness?
Well, the FED's hawkishness will induce a recession as portrayed by an economic model.
http://sg-stock.blogspot.com/2022/08/the-us-is-careening-towards-recession.html
As stated by the economic model, there will only be a marginal decline in inflation. To a certain extent, US inflation is declining marginally now but it will remain above the neutral rate.
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