The previous poll on the outlook, taken just two weeks ago, had the majority expecting on more hike in 2019
- the latest Reuters poll of over 100 economists taken after the March 19-20 central bank meeting showed the fed funds rate will stay at the current range of 2.25-2.50 percent until at least end-2020.
- A smaller sample of economists with an end-2021 view predicted no change by then either.
- “The most dramatic development of the year to date has not been on either trade policy or politics. Rather, it is the Fed’s full-throated embrace of a monetary stance more dovish than many market participants had been expecting,” noted Ajay Rajadhyaksha, head of macro research at Barclays.
The full piece is here (link) …you may not agree with the surveyed economists (there is a range of views anyway) but worth checking out their reasoning, comments etc.
