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Disappointing Economic Data Probably Won't Faze the Fed

Team June edges Team September with top banks split
Luxury Watches On Show
Simon Dawson/Bloomberg
Updated on

U.S. economic data have been more disappointing than at any time in six years. That hasn't shaken a plurality of economists who still see the Federal Reserve cranking up their benchmark interest rate in June, for the first time since 2006.

Thirty economists project the central bankers, who start a two-day meeting Tuesday, will pull the trigger at their June 16-17 gathering, according to a Bloomberg survey completed March 12 that yielded 66 responses. Another 21 said the Fed will embark on rate rises in September.