Wall Street's top banks say the Fed is likely to raise rates by March, but subsequent rate increases will be slow, particularly if China devalues its currency at a rapid rate in 2016.
A Reuters poll of the primary dealers that deal directly with the Federal Reserve shows that 13 of 18 that responded expect a rate increase by the March meeting of the Federal Open Market Committee. That is similar to the results from a poll immediately following the December rate increase, which showed 13 of 19 believed the Fed would raise rates in March.
The median expectation for the federal funds rate by the end of 2016 was a range of 1 to 1.25 percent, same as in early December, the last time Reuters asked this question.
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A Reuters poll of the primary dealers that deal directly with the Federal Reserve shows that 13 of 18 that responded expect a rate increase by the March meeting of the Federal Open Market Committee. That is similar to the results from a poll immediately following the December rate increase, which showed 13 of 19 believed the Fed would raise rates in March.
The median expectation for the federal funds rate by the end of 2016 was a range of 1 to 1.25 percent, same as in early December, the last time Reuters asked this question.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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