Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
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."