I’m losing count of how many pundits are swinging to rate hikes. John Kehoe joins them at the AFR:
US Federal Reserve chair Janet Yellen is poised this month to begin the first of an expected series of interest rates hikes in 2017, a move likely to be welcomed by a Reserve Bank of Australia eager to start cutting back its own monetary stimulus.
Dr Yellen said on Friday it would “likely be appropriate” to adjust the Fed funds rate at the Federal Open Market Committee’s March 14-15 meeting so long as employment and inflation evolve in line with the US central bank’s expectations.
