Fed to Stick With Gradual Hiking as Risks Balance Out: Survey
- All economists polled by Bloomberg expect rate hike this week
- Upside risks fade and trade seen as dominant threat to outlook
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The Federal Reserve won’t steepen the path of interest-rate increases this year in the face of accelerating U.S. growth, according to economists surveyed by Bloomberg.
In a poll conducted June 5-7, the proportion of respondents who expect at least three additional rate hikes in 2018 dropped slightly, compared with the survey in March. The median estimate from economists now sees two more increases this year, which matches the Fed’s own projections back in March.