Fed will hike rates, leading to political blowback and increased debt burden costs

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The Federal Reserve is expected to hike interest rates at its upcoming meeting, driven by market signals and the need to maintain its credibility as an inflation-fighting institution. This hike will lead to significant political blowback, particularly from President Trump who favors lower rates, and will exacerbate the cost of carrying and rolling over the large debt burden accumulated during periods of low interest rates.