While he’s not a voting member, SF Fed President John Williams did move markets with his comment that a March hike is under “serious consideration”
And then we had a member of the Fed troika setting us up for a March hike as well:
*FED’S DUDLEY: CASE FOR RATE RISE MORE COMPELLING, CNN REPORTS
*DUDLEY SAYS FAIRLY SOON MEANS RELATIVELY NEAR FUTURE
‘Compelling’ is not thrown around lightly and he’s trying to define ‘fairly soon’.
Rate hike odds for March literally spiked after Dudley’s comments to 70% vs 50% at yesterday’s close and up from 40% on Friday. I repeat my belief that we’ll see a hike in March.