Fed to raise US rates again as Greenspan era ends

The Greenspan era comes to end Tuesday.Reuters reports:

Fed Chairman Alan Greenspan will end his 18-year rule on Tuesday with a rate hike of a quarter percentage point and the message that borrowing costs may go up again in March if warranted by growth and inflation.

Disappointing fourth quarter U.S. gross domestic product numbers on Friday should not shake Federal Reserve confidence the economy is on a reasonably solid footing, analysts said.

But higher core inflation shown in the data ought to ensure that it retains a slight tightening bias, which markets bet means one more rise before ending the current rate-hike cycle.

So,the next few weeks could be more exciting than usual with a new Fed Chairman and the re-introduction of the 30 Year Treasury Bond.