Economists Agree: Fed to hold rates in 3.50%-3.75% range this year – Reuters poll

According to the June 23-25 Reuters poll, 78 of 102 economists expect that the Federal Reserve (Fed) will hold interest rates steady in the current range of 3.50%-3.75% the entire year, up from 72 economists who anticipated the same in the early June poll.

An improvement in a majority of economists supporting the Fed maintaining the status quo by the year-end is defying firm market expectations of at least one interest rate hike by the central bank this year.

The CME FedWatch tool shows that the odds of the Fed raising interest rates at least once this year are 81.7%