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Fed expected to hike rates twice more this year and then risk a 'policy mistake': CNBC survey
Look out for two more rate hikes this year from the Federal Reserve to go along with economic growth nearing 3 percent and a central bank that eventually raises rates explicitly to slow growth, according to respondents to the latest CNBC Fed Survey. A full 98 percent of the 46 respondents, who include economists, fund managers and strategists, see the Fed hiking rates a quarter point this week to a new range of 2 to 2¼ percent. And 96 percent believe another quarter-point hike is coming in December. "Fed funds increases in September and December are as certain as certain can be," John Donaldson, director of fixed ... (full story)