The Fed will hike rates by 0.25% at its March meeting; here's why

  • Global inflation has turned a corner, and no matter what, inflation is the first-response duty of all central bankers. The Fed sees ours as at its target.
  • If long-term rates do not rise as the Fed hikes the Fed funds rate, then the Fed will either raise funds higher and faster, or dump its bonds and MBSs faster.

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First, the good news: The economy is doing so well that the Federal Reserve will increase the cost of money by 0.25 percent on March 15, up to the 0.75 percent-1.00 percent range. All Fed officials have been on the same page, rare unanimity.