Economists See Hawkish Hold Next Week as Fed Punts to December

  • Bloomberg survey finds 54 percent probability of December hike
  • Majority of economists are confused by Fed communication

Summers: 'No Compelling Case' for September Rate Hike

The Federal Reserve will keep rates unchanged for the sixth consecutive meeting next week while strengthening guidance about its intentions to raise borrowing costs soon, according to economists surveyed by Bloomberg News.

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