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- Fed expected to hit rate cycle’s peak after one more hike - survey
Fed expected to hit rate cycle’s peak after one more hike - survey
According to a new Bloomberg survey of economists, Fed will bring the current cycle of interest-rate increases to an end after one more hike later this year,
The median of responses in the March 13-15 poll predicted one hike in September, compared with two 2019 increases forecast in the December survey. They also said that would likely mark the peak of this hiking cycle, with the upper end of the target range for the benchmark rate touching 2.75%. Just three months ago they saw that peak at 3.25%.
None of the 32 respondents anticipated a rate move when the Fed gathers March 19-20. Fed officials have repeatedly signaled they are content to leave rates unchanged this month and perhaps well into 2019.
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