The Fed’s fourth 2018 rate hike: proof positive of my accelerated timetable warnings

We have had the night to digest the Fed rate hike and the accompanying changes in the summary of economic projections. As I wrote yesterday, the move to a fourth hike was balanced on a knife's edge. In the last go round, it was 8 to 7 in favour of 3. This time it is 8 to 7 in favour of 4 hikes.


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