Chart Library
2026-09-23

Market-Implied 2026 Fed Tightening Stays Under 2%, Among the Shallowest Cycles on Record

Market-Implied 2026 Fed Tightening Stays Under 2%, Among the Shallowest Cycles on Record

Key points

Market-implied cumulative tightening across Fed cycles | 2026 pricing stays under 2%, far below 1977, 1980 and 2022

Image source: @MikeZaccardi