jeudi 9 avril 2015
Economists Think Fed Will Wait Until September to Raise Rates
Posted on 20:06 by nice news
The Federal Reserve will likely start raising short-term interest rates in September, according to most private economists polled in recent days by The Wall Street Journal–a significant shift away from earlier predictions of liftoff in June.
Some 65% of the economists in the latest survey expected a September rate increase, while just 18% saw the first move coming in June.
Just a month earlier, economists were more evenly split, with 48% predicting a first rate rise in June while 38% expected it in September.
The latest survey was conducted Friday through Tuesday; 60 analysts offered predictions for the timing of the central bank’s initial rate increase.
Paul Ashworth, chief U.S. economist at Capital Economics, shifted his prediction from June to September, though he said a June rate increase is still a real possibility.
“Fed officials themselves seem to be incredibly cautious” about raising rates, he said, and recent economic data have come in “a little bit weaker,” though harsh winter weather may be the primary culprit.
Some 65% of the economists in the latest survey expected a September rate increase, while just 18% saw the first move coming in June.
Just a month earlier, economists were more evenly split, with 48% predicting a first rate rise in June while 38% expected it in September.
The latest survey was conducted Friday through Tuesday; 60 analysts offered predictions for the timing of the central bank’s initial rate increase.
Paul Ashworth, chief U.S. economist at Capital Economics, shifted his prediction from June to September, though he said a June rate increase is still a real possibility.
“Fed officials themselves seem to be incredibly cautious” about raising rates, he said, and recent economic data have come in “a little bit weaker,” though harsh winter weather may be the primary culprit.
Economists Think Fed Will Wait Until September to Raise Rates
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