A Reuters survey finds economists divided over how long the Federal Reserve will keep raising rates: 45 of 101 expect another increase after December, while 56 see December as the cycle’s end.
Reuters said the 56 economists represented about 55% of respondents, a share largely unchanged from the previous month. EconoTimes previously covered the poll’s unanimous forecast for a December increase.
The dealer responses also showed a majority favoring two or more further increases, consistent with market pricing.
Separately, 29 of 37 economists answering a Reuters question said the U.S. midterms had not changed their view of medium-term inflation risks. Reuters said the political shift was unlikely to ease inflation quickly.
Tom Porcelli, Wells Fargo’s chief economist, pointed to forthcoming inflation data as an input to the Fed’s decision. The survey identifies December as the next expected increase but shows no shared view on whether rates would rise again after that.
