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Three reasons the Fed wants to hike rates in March
After raising interest rates just twice in 10 years, the Federal Reserve is suddenly in a hurry to get moving on its next rate hike. In what looks to be an early spring migration, Fed officials have turned very hawkish overnight, warning a rate hike is likely in mid-March, while Wall Street had been expecting a June hike. Fed Chair Janet Yellen is likely to send that message when she speaks Friday at 1 p.m. ET at the Executives' Club of Chicago, and similar comments are expected from Fed Vice Chair Stanley Fischer at noon. "Speaker after speaker, whether they lie on the dovish or hawkish end of the spectrum, have ... (full story)
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