John Vail on Forbes.com*:

The Case For Hiking A 'Very Gradual' 10 Basis Points
https://www.forbes.com/sites/johnfvail/2018/12/18/the-case-for-hiking-a-very-gradual-10bps/

While it is true that the Fed will be criticized no matter what it does tomorrow, it could limit criticism to mild levels if it hikes only 10 bps. To show its independence from Trump’s criticisms, the Fed probably feels that it must hike; however, it should very clearly be worried about doing so. — Read more

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