by Mike ‘Mish’ Shedlock
In the wake of an allegedly “welcome” increase in inflation, the market is starting to price in increasing odds of rate hikes – not many, and not fast, but there are very noticeable changes.
The Fed starts a two-day meeting tomorrow. Its interest rate decision comes Wednesday. Despite the talk of a hike tomorrow, the Fed would never surprise with hikes.
March 16 Meeting Odds