(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 at its March 15-16 meeting.

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.

* JP Morgan raises its Fed call to seven 25-bp rate hikes from five previously, for a total of 175 bps of tightening this year.

* Morgan Stanley (NYSE:) The Fed will now announce six 25-bp rises in 2019. The Fed had predicted 125bps of tightening through four 25-bp increases and a 25-bp Fed funds equivalent runoff from its balance sheet.

* UBS now expects 150 bps of tightening this year via six consecutive quarter-point moves from March through November. The bank had earlier forecast 25-bp rises in March and June. This was followed by “a possible shift towards an every meeting increase 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-bp move in March, followed by four, quarter-point increases in May, June, September and December.

* Credit Suisse (SIX: The Fed now anticipates a cumulative 175 Bp rise this year. It will start with a 50-bp hike at the 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-bp 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 warn that there was a possibility of 50-bp increases at the March meeting.

* HSBC expects the Fed to roll out a 50-bp hike in March and four more quarter-point rate rises in 2022.

* Deutsche Bank (DE) The Fed is expected to issue a 50-bp rise in March, plus five other 25-bp raises in 2022.

* Barclays (LON:.) Now, the Fed expects to raise rates 5x this year from 3 hikes earlier.