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Next Fed rate hike likely now in September but July possible: Reuters poll
The Federal Reserve is likely to raise U.S. interest rates in September and possibly as soon as July, according to a Reuters poll taken in the days after news of a sharp drop in hiring that has led some to worry that the economy is losing momentum. Fed watchers surveyed by Reuters this week saw a median 40 percent chance of a hike in July and a roughly two-in-three chance of a September move, which would extend to nine months the time that has elapsed since the first hike in December. About four-fifths of the 92 economists surveyed said the Fed will raise rates at either the July or September meetings. Markets are ... (full story)
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