Economics
Fed Seen Sticking With Three 2018 Rate Hikes, May Hint at Fourth
- Economists though expect it to end up raising rates four times
- Peak of tightening cycle now forecast at 3.25%, up from 2.75%
UniCredit's Nielsen Sees Probability of Significant Slowdown in 2019
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Federal Reserve Chairman Jerome Powell and his colleagues will end up raising interest rates four times this year, but are unlikely to signal that intention at this week’s policy meeting, according to economists surveyed by Bloomberg.
In a poll of 41 economists conducted by Bloomberg March 13-16, the median forecast predicted a quarter-point hike this week, plus similar moves in June and September and December. At the same time, respondents said policy makers will continue to pencil in three rate increases as being likely in 2018 in their updated quarterly forecasts.