Is the Fed Going Away Overboard?

In recent days, investment bank after investment bank has published revised forecasts. They all predict the same thing, federal reserves will raise indrustries at a quicker pace than anyone anticipated last week. The latest is gold an sax, which now sees five hikes this year, up from four. Joining doch bank of america thinks the central bank will be even more aggressive. It predicts seven 25 basis point hikes, which would be one for every remaining f o m c meeting. That would put the fed funds rate at one point, seven, five to two % by year and essentially hiking up. All right. What do you think?