With next week's rate hike all but locked in,...>

FED: With next week's rate hike all but locked in, investors are shifting their

attention to how the Fed will judge the implication of tax cuts on inflation and

growth, beginning with whether the FOMC will nudge the number of anticipated

2018 hikes to four, MNI's Jean Yung writes. 

- It would take just three Fed officials to move their projection for rates by

the end of next year above 2.25% to shift the median to four hikes rather than

three in 2018.

- Only a few officials said they factored legislative changes in their outlook

as of the November meeting. That could change in coming weeks.

- Minority dovish faction who want to wait to raise rates until they see

evidence that inflation is steadily rising could produce a dissent or two,

possibly from Kashkari or Evans.