ML-Implode News - Why so few are worried about likely Fed rate hike this week

Wall Street appears too busy extending the stock market rally that began with President Donald Trump's election in November, cheered by the prospect of tax cuts, an easing of regulations and higher spending for infrastructure to worry about a rate hike. Fed watchers, it seems, are more buoyed by expectations for a vigorous economy than worried about whether slightly higher rates might slow growth.
...
"We're just at a different place now than in 2013 when there was a lot of angst and uncertainty about the economy's prospects," said Mark Zandi, chief economist at Moody's Analytics. "Now, the fundamentals of the economy are much better. We are close to full employment and investors feel more comfortable about where we are."

In light of Friday's jobs report, optimism about Trump's economic program and other signs that growth may pick up, some economists said they were raising their forecast for the number of rate increases this year from three to perhaps four.

Rate cuts have largely been sapped of their substance by the changes the Fed made to their mechanics since 2007; however, investors' bubble is likely to be burst by an underwhelming economy and policy reform-driven business stimulus...

Relevant:

Why so few are worried about likely Fed rate hike this week