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Fed, Economists and Investors Show Rare Harmony on Rate Outlook

  • Bloomberg survey shows economists expect three hikes in 2017
  • Risks to GDP and inflation outlook seen weighted to the upside
Bloomberg business news

Jobs Report Sets Stage for Expected Fed Rate Hike

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A year ago, the Federal Reserve was forced to back away from its earlier projection for four interest-rate increases in 2016. This year, everyone’s coming around to the Fed’s view.

A Bloomberg survey of 45 economists conducted on March 7-8 produced a median estimate for three quarter-point hikes in 2017, with moves expected in March, June and December. That’s up from two hikes that respondents predicted in a survey in February and now matches the median number of increases that Fed policy makers forecast in December.