A little over an hour ago we reported that while everyone was waiting for the Fed's WSJ mouthpiece Nick Timiraos to leak whatever it is that Powell wanted markets to know during the Fed's blackout period, Nomura became the first bank to forecast an out of consensus 100bps rate hike during next week's FOMC meeting. To some this seemed far too high, but the Nomura case just got a powerful boost moments ago when Timiraos hit publish on his long-awaited WSJ market trial balloon in which he said that "the acceleration in inflation last month clinches the case for the Federal Reserve to lift interest rates by AT LEAST 0.75 ... (full story)