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Fed Funds Rate history implies the FED can hike only 6 times

FRED:FEDFUNDS   Effective Federal Funds Rate
Increases in the US Fed Funds rate during the FED's hiking cycles have always preceded a recession.

A simple analysis of the most recent recessions, the amount of rate hikes preceding them and the downward trending channel in which FED Fund Rates have moved suggest the FED only has room for 150bp worth of hikes (or a total of 6 hikes).
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