The Fed could be on the verge of making a big mistake

Federal Reserve officials have spoken in such hawkish unity in recent days that financial markets have raced to price in a March interest-rate hike, until recently viewed as a low-probability event.
Wall Street was most swayed by a tone of optimism from the New York Fed president, William Dudley, whose permanent vote on the policy-setting Federal Open Market Committee fuels the perception of greater influence at the table.
"I think the case for monetary-policy tightening has become a lot more co