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Reuters: 100 economists unanimously expect the Federal Reserve to December raise interest rates again

BlockBeats reported that October 21, a latest Reuters survey shows that market views on the Federal Reserve's interest-rate outlook are undergoing a significant shift.October Expectations of rate hikes have cooled somewhat, but December another rate hike has become the consensus view among surveyed economists, reflecting how strong economic growth and persistent inflationary pressure are again shaping monetary-policy expectations.

In the survey conducted October 16 to 20, 94 economists expect the Federal Reserve to keep the federal funds rate at October 27 to 28 at the meeting 3.75%to 4.00%. This view is consistent with expectations reflected in market pricing, and the meeting is only days before the U.S.November midterm elections.

By contrast, expectations for interest rates in December have shifted sharply. In last month's survey, fewer than half of economists expected the Federal Reserve to raise rates in December; in this survey, all 100 respondents expect another rate hike then.

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