The U.S. Federal Reserve will be attempting to pull off the unprecedented in 2017. After years of zero interest rate policy (ZIRP), the Fed has managed to slowly grab two quarter point interest rate hikes since the end of 2014 to lift interest rates off of the zero bound. And expectations for the coming year have the Fed raising interest rates two to three more times. Expectations are one thing – remember the four rate hikes we were supposed to see in 2016? But whether the Fed will be able to meet these expectations is another, as such a feat is unprecedented. Given the important global market implications of Fed policy, it is also worthwhile to consider exactly when over the course of 2017 the Fed is anticipated to move and by how much.
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