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Fed could surprise markets with more interest rate hikes than expected
Wall Street economists are warming to the idea that the Fed may raise interest rates four or more times next year, moving faster than its current forecast. The Fed has been forecasting three interest rate hikes for 2018, but the market has spent the past year doubting it will move even twice because of the sluggish pace of inflation — and until the second half of the year — the sluggish pace of growth. But growth has picked up to the point where there is potential for a three-quarter run of 3 percent growth, something that last happened in 2005. "I think four times is likely given the juice from the tax ... (full story)
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