It did this in five steps over three years — two in mid 2002, two in late 2003 and one in early 2005 — a more
gradual tightening cycle than normal.
Not exact matches
Indeed, I believe the Fed will raise rates in a slow manner that doesn't excessively unsettle the economy or markets, with the
gradual nature of the
tightening cycle allowing markets to absorb the increases with relative ease.
We expect the current
tightening cycle will be steady and
gradual, likely resulting in four hikes in 2018 and two or three hikes in 2019 until rates reach 3 % to 3.25 %.