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"And you want to leave yourself room for future additional hikes".
Based upon recent projections from the Fed, it looks like there will be at least another two additional hikes before the year is out.
Norwegian cruise operator Hurtigruten is introducing new expedition-style voyages in January, with additional hikes and daily lectures on subjects from flora and fauna to polar history and climate offered on some ships.
Moskow called the pause helpful, but said additional hikes might be needed to cut inflation.
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That means SB 3 will be considered after the current wage hike takes effect in January, allowing for that rate to be absorbed before an additional hike is enacted.
But the central bank would have a much more difficult time trying to boost the economy if it stumbles because the interest rate, even after an additional hike or two, would remain very low, Yellen said.
And in a debt crisis, higher interest rates and the debasement of our currency would be additional tax hikes.
As a result, additional price hikes are necessary and inevitable.
Analysts say additional price hikes are a distinct possibility.
Labour, which has already announced plans to increase the top rate of income tax and impose a new "mansion tax" on high value properties, insists its plans are fully costed and will not require additional tax hikes if it wins May's general election.
They also played down the significance of a decision Thursday by OPEC to suspend talks on an additional ceiling hike.
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