The Fed will hike rates again in December -- here's why

  • The Fed completed its meeting on Wednesday in some disarray.
  • Chair Yellen expressed deep worry about job-market overheating.
  • A 0.25 percent hike is coming in December, another 0.50 percent in 2017, and another 0.75 percent in 2018.

The important developments involving this week’s Fed meeting first, the how and why later: August was a lousy U.S. economic month, and long-term rates are back down, mortgages on the low side of 3.50 percent, and the 10-year T-note at 1.61 percent, its lowest since September 8.