The job market, stock markets, and inflation numbers are all strong, and the global economy is stable. If Mark Zandi, the chief economist of Moody Analytics, had his way, he’d raise the Fed rates in March.
Zandi spoke with CNBC about the current economic climate. He said, though, that the Federal Open Market Committee will probably not raise rates during its meeting in mid-March. The Fed will likely be cautious due to uncertainty about the Trump administration’s plans for fiscal policy.
"Are we going to get fiscal stimulus, ... finance tax cuts, deficit increases? Because that really matters for the path of future monetary policy," Zandi said. "There's just a boatload of uncertainty here, so that's complicating things."