U.S. securities industry economists remain divided on the timing of rate hikes from the U.S. Federal Reserve Board, according to the latest edition of a biannual survey of chief economists at U.S. financial firms. U.S. trade group the Securities and Financial Markets Association (SIFMA) released the results of its latest economist survey, which was carried out between Nov. 15 and Dec. 3. The survey indicated that economists are evenly divided about whether the Fed will move on rates in the second, third or fourth quarter next year (29% each) — with a minority, 12%, who don’t see rate action until 2023. “The factors listed as most important to the Fed’s rate decision were: inflation pressure/expectations, resumption of real economic activity, and Covid impact on labor conditions,” the report said.
Source: Investment Executive
