Yes. A lot of them were expected but I just considered it talk. They didn’t dare raise them because the economy was too fragile. and it still is. All they could do to stimulate the economy is “threaten” to raise them. i.e. borrow your money now before it’s more expensive.
I don’t expect this to go well. But I’ve been wrong before.
This one was a near certainty. There was very little doubt left for a December raise.
It’s actually a good thing. Rates have been held low too long. There are negative consequences from that too.
I think it will be ok. I think there is so much pent up economic activity that has been waiting for a more favorable economic and regulatory environment that it will generate enough activity to blow past the relatively higher interest rates. It’s actually racist demand that has been waiting for the black man to get out of office to start up. /s