Here's a piece from Reuters on their poll (and more) regarding interest rate hikes from the FOMC
50 of 62 economists surveyed expect the first rate rise in the third quarter of this year
So, that leaves 12 of the 60 that don't expect it. One is Conference Board economist Kenneth Goldstein, who sees the first hike in 2016:
- "The Fed has been telling us for some time that they want to be data dependent, and the numbers are nothing to run up the flagpole"
BNP warn of steeper hikes the longer the delay:
- "The penance for a delay of the hike is a much steeper hike...That's the balance the market's been playing with"
- "The longer the Fed stays on hold, the more risk there is that factors like inflation will build up"
There is more at the article: Economy's weak spell puts Fed at crossroads over liftoff plans
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While we're at it ... check this out from the San Francisco Federal Reserve. Researchers there say economic growth in Q1 was more like 1.8% than the 0.2% initial reading ...
Weak First-Quarter Growth Due to Seasonal Issues After All, SF Fed Says
