Naked Emperor Raises Rate

...and stocks and commodities go up?  Confirms inflation fears.
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So I’ll ask the question again — why on earth would Ben & Co. raise rates? The answer should be obvious if you’ve been listening to me and my brethren for the last several years: Bernanke is terrified of inflation. He knows that U.S. debt is losing its cachet. He knows how much money has been printed. He knows the American consumer is an empty gun. He knows what’s coming, and he figures if he starts raising rates now, he can postpone the inevitable catastrophe. And maybe he can. If he raises rates to 10,000 basis-points (that’s 100%, by the way, and even that wouldn’t be enough).
You think that’s crazy? Ben doesn’t. After Friday, he’s more terrified than ever. Sure the dollar went up a little, but so did gold, oil, and stocks, and that’s not supposed to happen when the Fed raises rates. No, when rates go higher, it’s supposed to mean slower growth ahead, and less opportunity for investment. The only real exception to this rule is the anticipation of inflationary price increases — in which case markets don’t appear to care about slower growth, because investors are more focused on the likelihood of weakening currencies. In this case, markets anticipate higher prices and move up in spite of higher rates.

http://seekingalpha.com/article/189741-inflation-why-markets-ignored-the-fed-rate-hike?source=article_sb_picks