They are playing a game of pure bullshit here. Even though the economy absolutely sucks, they are trying to paint some make up on that pig by raising rates because they say the economy is getting hot.
I don’t agree. The FED tries to forecast, it’s not always right of course, no forecaster is.
The FED could be right to expect slighter better economic activity going forward. I expect better growth.
A .25% raise is virtually a no effect event. It what they do down the line that will matter.
I’ve only been at this about 50 years and of course I can be wrong too. However, I pretty much goofed off until I was 35 and retired at 60, so I’ve been right more than wrong.