Meeting minutes of the Fed released Wednesday showed a strong commitment to two .5% hikes in June and July. This will follow a May 4th hike of .5% to a target range between .75% and 1.00%, as the Fed struggles to contain rampant inflation. Higher rates are designed to contain inflation by increasing the cost to borrow money, which reduces the buying power of American consumers, and makes sellers reduce prices or contain price hikes, to maintain sales.

“Most participants judged that 50 basis point increases in the target range would likely be appropriate at the next couple of meetings,” read the minutes from the May meeting.

The Fed is rarely so direct in discussing future policy, as it prefers the ability to operate freely absent any concerns for satisfying market expectations about it’s future actions. But as inflation rages on, the Fed has appears to have decided to give the market some sense of stability by outlining future policy decisions publicly.

Fed Chairman Jay Powell had previously told the media there was a “broad sense” on the committee that further 0.50% hikes would be possible for the next two meetings, an unusual direct statement taken to have been delivered to the market to serve as a prediction, and allay concerns produced by any uncertainty.

Fed presidents who spoke to Yahoo finance lent further support to that statement, offering even greater certainty.

Cleveland Fed President Loretta Mester said she was “comfortable” with that, and Atlanta Fed President Raphael Bostic said he saw .5% moves for the “next two, or perhaps three, meetings.” Meanwhile St. Louis Fed President James Bullard said the Fed had “coalesced” around two 0.50% hikes.

The Fed minutes further predicted that rates would eventually rise to around 2.5% at some point in the course of this cycle. “Participants agreed that the economic outlook was highly uncertain and that policy decisions should be data dependent,” the Fed minutes added, leaving open some possibility of adjustments to these predictions as time went on.