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As usual, the market panics before there's solid data. For now, I think the Fed will aim for three hikes next year. The recent wage numbers were decent (for a change).
If housing appears to weaken, the Fed could pare back on rates, maybe one or two hikes next year. While some recent housing reports have been poor, they're still far from dire.
I think that was a clear warning shot from Powell that he intends to be independent, and not influenced by the White House.
In the last economic forecasts, the Fed shows a slight majority favoring three more hikes this year. I think that outlook is not as strongly held as some suppose.