Investing.com – As markets focused on Tuesday's start to the two-day meeting of the Federal Reserve (Fed) on monetary policy with the decision to be announced the following day, a recent survey showed that market experts were already pushing back their expectations for the continuation of interest rate increases.
Market players anxiously awaited the publication of the statement from the Fed’s Federal Market Open Committee on Wednesday to sift through the document’s language changes in the hopes of discerning hints on the timing of the continuation, begun back in December with the first rate hike in more than a decade, of the U.S. central bank’s tightening of monetary policy.
The focus was on whether or not Fed officials would signal the possibility of a rate hike in June, but a CNBC Fed survey of 48 respondents including Wall Street economists, strategists and fund managers showed that the next increase, on average, was now not expected until August, a full two months beyond when they had pegged the hike to come in the March survey.
CNBC indicated that the survey was conducted last Thursday and Friday.