One hush hushed aspect of this expected flurry of rate hikes, will be the financial crisis that will be due to historic savings/lending rate differentials.
With banks, credit unions, etc. having so much capital locked into low rates (and long term mostly in 15 and 30 year mortgages, many at 2-3%), guess what is going to happen when they have to start paying CD holders rates of 4%, 5%, and even higher.
It has been utter stupidity to see the mass influx of construction of little banks and credit unions.
Just watch the news when FDIC and NCUA, hit the same and massive state of insolvency as the FSLIC did in the late 1980's. , I am betting when the SHTF, and our financial instituions won't be able to cover their losses. And guess what, they'll be bailed out by an entitiy that is pretty much self-insolvent ($30T+ in debt)
1st point of crisis, wull be the banks won't offer competitive rates, and savers will haul their money out.
Crisis 2 benchmark, banks won't have the capital to fund their loans.
Boom!!!
The dog chasing its tail and warp speed.