by Chris Becker
This week’s poor retail sales numbers for April in the US have really put to question the firmness of future rate hikes, confirming a poor Q1 GDP print even as job numbers look good, wage inflation remains positively stagnant. This survey from the WSJ via the chaps at ForexLive have the majority of economists seeing a Sept 2015 hike:
- About 73% of economists in the survey say Federal Reserve will first hike rates in September
- The April survey had 65%, while back in March it was 38%
- May’s was conducted Friday through Tuesday (8/5 – 12/5 … or 8/8 – 5/12 if you prefer it that way)
