Key findings
If realized, that would take the policy rate to the 3.00%-3.25% target range, the highest since early 2008, before the worst of the global financial crisis. The remaining 39% still expected a 50-basis-point hike. There was still no consensus among economists on where and when the Fed will stop hiking rates, and similarly there was no consensus on when it would start cutting them.
The unemployment rate needs to go significantly higher to bring inflation down to 2%, according to 16 of 30 respondents to an additional question who gave a median jobless rate of 5%. The other 14 said it did not need to rise significantly.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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