WSJ Timiraos: Fed Officials have been burned on inflation and that curbs enthusiasm

<p>The WSJ Timiraos, is tweeting an interview he gave at Fox Business, and says:</p><p>The Fed will likely announce a 25 basis point hike at 2 PM ET, and if Timiraos is right, will continue to be cautious about prospects for inflation. Employment remains solid. Unions are going after employers and getting wage concessions.Housing is more of a supply issue. Stocks and the wealth effect from it will likely also keep the economy going. Fiscal spending is continuing to be expansionary.</p>

This article was written by Greg Michalowski at www.forexlive.com.