Investors See More Fed Rate Hikes and No Cuts Until 2024, Poll Shows
- Strong majority in Bloomberg survey sees more rate increases
- Most of those responding say Fed will trigger a US recession
The Federal Reserve building in Washington, DC.
Photographer: Nathan Howard/BloombergThis article is for subscribers only.
Investors expect the US Federal Reserve will keep raising interest rates, with most not anticipating cuts to begin until well into 2024.
According to 70% of the 223 respondents to an Instant MLIV Pulse survey, Chair Jerome Powell and colleagues have not yet completed the rate-hiking campaign that began in March 2022 after inflation surged amid the pandemic. Thirty percent said rates have topped out.