It will be the eighth 0.25% hike since late 2015:
How does the current tightening cycle compare to the last one(June 2004-June 2006)? Not even close.
During the 2004-2006 cycle the Fed raised rates 17 times, from 1% to 5.25%. An increase of 4.25%.
Since the initial hike in December of 2015 the Fed has moved rates from 0.25% to 2.25%, and increase of 2% over a nine month longer time frame.
Hat tip Charlie Bilello