(Reuters) – After hotter-than expected inflation data, major investment banks are planning strong rate hikes in 2022. This is to counter rising prices.

According to data last week, consumer prices increased at an unprecedented pace in America since the 1980s. Market speculation is fueled by a 50-basis point hike expected from the Fed’s March 15-16 meetings.

Current Fed Fund Effective Target is 0-0.25%

Here are estimates by major international investment banks about how fast and far rates will go up as the Fed prepares to increase pandemic-era rates.

* Morgan Stanley The Fed is expected to announce six 25-bps rate hikes in 2019 (NYSE:). The Fed had predicted 125bps in tightening through four rate increases of 25bps and a runoff equivalent of 25bps from Fed funds.

* UBS now expects 150 bps of tightening this year via six consecutive quarter-point moves from March through November. It previously predicted 25 bps increase in March, June and then “a possible shift toward an ever-increasing pace”.

* BNP Paribas (OTC:) expects six hikes of 25 bps this year starting in March, resulting in a cumulative 150 bps of tightening.

* Citi now expects 150 bps of tightening this year, starting with a 50 bps move in March, followed by four, quarter-point increases in May, June, September and December.

* Credit Suisse (SIX.) Now, the Fed expects to increase a cumulative 175bps in this year’s rate of interest. The Fed will start with a 50bps rise at their March meeting.

* Societe Generale (OTC:) now expects five rate hikes of 25 bps this year, starting in March.

* Goldman Sachs (NYSE:) said it is raising its forecast to include seven consecutive 25 bps rate hikes at each of the remaining Federal Open Market Committee (FOMC) meetings in 2022 from a previous expectation of five hikes.

* BofA Global Research expects the Fed to hike rates by 25 bps at each of this year’s remaining seven meetings, unchanged from its previous outlook. It did however warn that there could be a 50-bps rate hike at the Fed’s March policy conference.

* HSBC’s said it expects the Fed to roll out a 50 bps hike in March and four more quarter-point rate rises in 2022.

* Deutsche Bank (DE) stated that the Fed will likely call for a 50bps rise in March, plus five other 25bps hikes by 2022.

* J.P.Morgan said on Jan. 28 it expects five rate hikes in 2022, up from the four it estimated previously.

* Barclays (LON) The Fed is now expected to increase rates five times this year by increasing them 25 bps, rather than the three increases forecasted earlier.