Odds for a June Federal Reserve rate hike pegged at 85% – WSJ survey

The latest survey of sixty economists conducted by the Wall Street Journal (WSJ) showed that almost all of them have priced-in a Federal Reserve (Fed) rate hike next month.

Key Findings:

98% of respondents see a Fed rate hike in June meeting.

Average probability of a move seen at 85%.

76% of the economists see the next rate hike after June in September.

Average probability of a move in September pegged at 64%.

19% of respondents say that the Fed will move in December instead of September for a third rate hike this year.

Further details found in the graph below.