Chance of recession has moved up to 70% from 65% last month.
Bloomberg poll of economists have increased the chance of a recession to 70% from 65% in November. That is also double from the level 6 months ago.
As the Fed adds to the restrictive policy AND raises the terminal rate, it pushes the market toward the hard landing scenario.
Fed officials are technically not in a black out period, but of course we are heading into the holiday season.
The next Fed meeting will not be until February 1.
FOMC meeting minutes
