Federal Reserve Announcement on May 4th: We feel like we have been waiting for our father to come home and give us the whipping that we deserve, and that time is here...oh darn! We sure deserve it! The tightening of the monetary policy is so late. The Fed is likely to raise rates by at least 50 bpts, but to really lean into it by shrinking the balance sheet by as much as $95 billion per month or $1.14 billion per year.