Mar 14, 2017

Survey sees three Fed rate hikes this year

Manuel Balce Ceneta / AP

CNBC's Fed Survey for March found that 100% of respondents think the Federal Reserve will announce a rate hike on Wednesday, and 70% said they think it will do so again in June. The 50 respondents — who include economists, fund managers and strategists — also expect there will be at least three rate hikes this year, which is in line with what futures markets are saying.

Where the Fed is heading, according to the CNBC survey:

"The Fed funds rate is seen rising to 1.43 percent this year, up considerably from the 1.09 percent average predicted before the November election. Next year, the funds rate is forecast to hit 2.25 percent and rise to 2.73 percent by 2019. The Fed is seen hitting its terminal rate, or final level in this rate-hike cycle, of 2.95 percent in the second quarter of 2019."
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