Fed: Stronger consensus formed - BBH

At the Federal Reserve, a stronger consensus appears to have formed as Governor Brainard's comments seemed to underscore the greater confidence that the dual mandate is within reach, explains the analysis team at BBH.  

Key Quotes

“The evolution of conditions, including the depreciation of the dollar, firmer oil prices, tax cuts and spending increases, coupled with the stronger world growth provide a favorable backdrop.  Whether the Fed will raise rates three or four times this year does not have to be decided in March, but that is the direction of movement rather than two hikes.”