Reuters poll results:
- 54 of 81 economists polled see hike in June or sooner
- An overwhelming majority of economists see the Fed hiking in Q3
- Most economists see two hikes this year
- Economists see 15% probability of recession
- Q1 media growth forecast 1.2%
- 2016 growth seen at 2.0%
The Fed is forecasting two hikes this year but the market don't believe it. The Fed funds futures imply just a 15% chance of a hike in June and 14.6% chance of two hikes before year end.