Fed Seen Raising Rates at Least Twice in Next Year, CNBC Survey Finds
Respondents to a CNBC survey point to rising oil prices and broader inflation pressures as reasons the Federal Reserve is likely to tighten policy further
A CNBC survey of market participants found that respondents expect the Federal Reserve to raise interest rates at least twice over the next year, according to the outlet.
The survey identified higher oil prices as a main factor behind the shift in expectations, CNBC reported. Roughly three-quarters of respondents said they view the inflation problem as broader than energy costs alone, according to the survey results cited by the outlet.
CNBC did not disclose additional details about the survey's methodology, sample size, or the exact number of respondents in the excerpt reviewed.
The findings suggest a change in sentiment among those surveyed regarding the path of monetary policy, with expectations shifting toward continued rate increases rather than a single adjustment, CNBC reported.
This article is based on limited excerpts from the original CNBC report. Further details on the survey's scope and additional findings may be available in the full source article.
Sources
- No one and done: The Fed will hike at least two times over the next year, according to CNBC survey — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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