The Federal Reserve may find that the economy may grow more quickly than it expects. Certainly the White House Budget Office thinks so. It GDP forecast for next year is over 3%. The Fed’s is almost a point less. And, of course there is the issue of inflation, which has not been an issue for the last four years. Some Fed member expect that to change as low interest rates boost economic activity
A new Reuters poll shows that economist, in large part, expect Fed hikes before the target date for zero rates set by the central bank last month.
The poll saw a 50-50 chance the U.S. central bank will break the pledge it made last month to keep benchmark overnight borrowing costs at near-zero for the next two years.
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