A poll of primary dealers in the US (these are the banks that deal directly with the Fed) on Friday be Reuters has found a hosing down of rate hike expectations for this year
- 13 (of 19 surveyed) said they expect the Fed to raise rates by September
- Only 9 say the Fed will hike rates twice in 2015 (compared with 15 of 20 in the July Reuters poll)
- Median expectation for where the federal funds rate will end the year was 0.5%
- And 1.5% for 2016
- BNP Paribas & Nomura pushed their rate hike expectations to December from September
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GS are still for a December hike, they have been for a while: Goldman Sachs' Hatzius keeps Dec as his preferred Fed date