Fed officials appear to have embarked on a co-ordinated attempt to prepare markets for another interest rate hike at the upcoming FOMC meeting in mid-March. The improvement in the survey evidence would certainly seem to justify additional monetary tightening. But the incoming activity data have been much more mixed, with most economists consequently revising down their forecasts for first-quarter GDP growth last week. Is the Fed in danger of making a mistake?
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services