KQED Nightly Business Report March 16, 2016
Pat for a second straight meeting. As Steve Liesman reports, a new survey of the top economists, strategists and Money Managers say the next rate hike may not be too far off. The cnbc fed survey shows that the policy announcement is expected tomorrow but wall street still expects the Federal Reserve to act this year in terms of raising rates. Lets look at the data. 95 of our respondents say the fed will stand pat in march and not hike. But 12 think there will be a hike before june and 71 think there will be a hike at the june meeting. Put that together and its 83 that expect it to come by june...