Below is a chart and excerpt from today's Early Look written by Director of Research Daryl Jones.

Even if the Fed does lay out the case for slowing the size of interest rate hikes, I'm not sure that is necessarily going to be a panacea for stocks. The reality remains that the world is on track to continue tightening well into 2023.

We lay this out in the Chart of the Day below, which highlights interest rate expectations in most major markets into Q2 2023.

CHART OF THE DAY: Interest Rate Expectations In Most Major Markets Into 2Q23 - njj1