Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Fed Rate Hike Assured in March, 2nd in June - WSJ Survey

Published 01/11/2018, 10:23 AM
Updated 01/11/2018, 10:23 AM
© Reuters.  WSJ survey puts odds of June rate hike at 65%

© Reuters. WSJ survey puts odds of June rate hike at 65%

Investing.com - The majority of economists believe that the Federal Reserve will hike rates in March with a second move higher arriving in June, according to a survey released on Thursday.

A monthly Wall Street Journal survey of approximately 60 economists showed that 92.5% of them believe the Fed will hike rates at its March 28 decision. That compares with 73% priced in by the market, according to Investing.com’s Fed Rate Monitor Tool.

The survey also showed that these experts put odds of a second hike on June 13 at 65.2%; while Fed fund futures price in the move at only 53%.

The Fed's next two day meeting takes place on January 30-31 with markets not contemplating a move.

Beyond the Fed, WSJ also enquired whether shareholders or employees would benefit more from the recent cut in corporate taxes to 21% from the prior 35%. 74% of those polled believed that shareholders would reap more rewards while only 1.6% felt employees would come out on top. The remainder say both groups benefitting equally.

Additionally, economists were fairly upbeat on the American economy with 69% admitting that they believed the risks for their GDP growth forecast were to the upside, while only 25% felt the risk to the downside was greater.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.