Wall Street economists: Fed to raise rates until September

US Wall St.
File Reuters

UNITED STATES (VOP TODAY NEWS) — Wall Street economists predict that the US Federal Reserve (Fed) will postpone the interest rate increase at a later date, showed The Wall Street Journal poll.

At the same time, their forecasts can still be called “hawkish” compared to market expectations.

The results of the survey, in particular, showed that 57% of economists are waiting for the next rate increase in September or later. In February, so long this moment was postponed by 35% of respondents, in January – only 13%.

At the same time, according to the data of the FedWatch tool of the stock exchange operator CME, market participants consider the likelihood of a Fed rate hike at the next 6-7 meetings zero, while the chances of its decline reach 20%. A similar tool from Bloomberg shows zero chances of a rate hike by the end of January 2020.

About 18% of economists surveyed by the WSJ believe that the Fed has completed the rate hike cycle and, if it changes them, it will only decrease. In February such an answer was chosen by 10%, in January – only 4%.

The Fed leaders, in turn, argue that while there is no reason to change interest rates, you need to wait for how the US economy will react to trade disputes, slowing growth in China and Europe, and the consequences of the UK leaving the European Union.

As is known, the next Fed meeting will be held March 19-20.

This article is written and prepared by our foreign editors writing for VOP from different countries around the world – edited and published by VOP staff in our newsroom.

Our Standards, Terms of Use: Standard Terms And Conditions.

Online:

Support The VOP from as little as $1 – it only takes a minute. Thank you.

We are the Voice of People — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes VOP possible came from you.

[give_form id=”42307″]

VOP Today News — Breaking news source, real-time coverage of the world’s events, life, politics, business, finance, economy, markets, war and conflict zones.

Contact us: voiceofpeopletoday@gmail.com

Stay connected with VOP Today News on Twitter – VOP Today News on Facebook, also with our online services http://j.mp/2hDUK4x and never lost the breaking news stories happening around the world.