There’s been chatter recently among economic experts that federal rate hikes would likely soon be on the way. Since 2016, the Federal Reserve has risen interest rates three times, but they’ve not not made any definitive announcements on the further hikes, leaving it open to speculation when they’d actually be introduced.
It appears that economists and experts have now been able to reach a consensus. In fact, it appears that the recent Senate tax reform bill passed on Friday may have forced the Fed’s hand. In a recent article, Reuters reports that the recent legislation has forced a shift in risk-forecasting; toward a need for higher federal rate hikes and sooner.
According to the article, experts are projecting three rate hikes between now and 2019. This is actually in accordance with the Fed’s own projections, however the reasoning is up for debate.