U.S. Fed Seen Moving Slowly After First Rate Hike In Second Quarter 2015: Reuters Poll

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U.S. Fed Seen Moving Slowly After First Rate Hike In Second Quarter 2015: Reuters Poll

by Wochit 0:33 mins

U.S. Fed Seen Moving Slowly After First Rate Hike In Second Quarter 2015: Reuters Poll

by Wochit 0:33 mins

According to the latest Reuters poll of economists. the U.S. Federal Reserve is expected to move in baby steps when it starts to bump up borrowing costs from a record low, but it won't do so until the second quarter of next year. Recent data on employment, manufacturing and services suggest the economy is on a firm footing, but the Fed has said monetary support is still needed given what it calls the "significant" slack in the labor market.

Wochit

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