Economists Are Split Over Whether the Fed Will Raise Rates in September
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U.S. central bankers face their toughest policy call in years in September -- raise interest rates or wait a little longer. Whatever the decision, about half of economists will be wrong.
Forty-eight percent of 54 economists surveyed Aug. 27-31 by Bloomberg News see a September increase in the benchmark lending rate, the first move up since 2006. That’s down from 77 percent in an Aug. 7-12 survey, though it is still double the 24 percent who say the first move will occur in December. Seventeen percent said October.