Fed Hikes Rates For First Time In 2016, Increases Pace Of Rate ‘Normalization’ Forecast

– Fed Hikes Rates For First Time In 2016, Increases Pace Of Rate ‘Normalization’ Forecast:

With 100% chance of at least a 25bps hike (and 10% chance of 50bps), this was perhaps the most ‘priced in’ of any Fed meeting ever, and this time the Fed did not disappoint, however where the Fed did surprise was its hawkish outlook, as it now expects 3 rate hikes in 2017 instead of 2 as of September.…

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