-
Wall Street sees next rate hike in May now: Survey
Global economic weakness and recent market volatility will prompt the Federal Reserve to delay, but not cancel, rate hikes this year, according to the most recent CNBC Fed Survey. An overwhelming 88 percent of survey respondents say the Fed's next move will be to hike interest rates, but they've put off that hike until May, a month later than the survey conducted in December. Just 13 percent believe the Fed's next move will be to either cut rates or launch another quantitative easing program. "Financial turmoil and the stock market swoon are overdone, especially with additional policy stimulus to come from ... (full story)