Next week’s Fed meeting (March 15th) is going to be major news one way or another. Most analysts lean our way and now think the Fed will raise short-term interest rates by a quarter percentage point (25 basis points). We laid out the case two weeks ago (Time for a Rate Hike). If the Fed does raise rates, it will be just the third rate hike in over a decade, but the second since December, signaling new urgency to normalize. 
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