The Fed has raised its main rate by a quarter-point. It is now in the range of 1.75-2%. Explanations are the strength of the business cycle and inflation close to the Fed’s target. Projections still suggest two rate increases in 2018, 3 in 2019 and 1 in 2020.
This is consistent with my forecasts but will lead to a flattening of the curve and therefore a higher probability of a recession in 2020.