Next Fed rate hike likely now in September but July possible: Reuters poll

Julie C. Nichols General

Reblogged from #Reuters – @DeeptiGovind, @SwetaSingh

The Federal Reserve is likely to raise U.S. interest rates in September and possibly as soon as July, according to a Reuters poll taken in the days after news of a sharp drop in hiring that has led some to worry that the economy is losing momentum.

Fed watchers surveyed by Reuters this week saw a median 40 percent chance of a hike in July and a roughly two-in-three chance of a September move, which would extend to nine months the time that has elapsed since the first hike in December.

About four-fifths of the 92 economists surveyed said the Fed will raise rates at either the July or September meetings.

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