If they don't raise tomorrow they openly admit that they are effectively held hostage by the banking industry. The only way banks can recoup their unrealized losses is by holding to maturity or for yields to go to back to 1% or so. Either way the Fed will be forced by the banking lobby.
The only smart thing the Fed can do is to raise 25bps and to support a temporary raise of FDIC insurance.
The only smart thing the Fed can do is to raise 25bps and to support a temporary raise of FDIC insurance.

