From the BoA / Merrill Lynch Global Fund Manager Survey for May, which was released overnight:
The survey shows that expectations for the first Fed hike have shifted ...
Net 5% of managers interviewed in May say the Federal Reserve will first hike in Q2
- Was 11% with that in April
- And 34% in March
Net 45% of fund managers are now looking for the lift off in Q3
36% nominate Q4
