30 of the 36 economists asked say they now expect the Fed 'lift-off' rate hike to come earleir than they had previously projected.

  • in Q3 2021 from Q4 previously thought.

Most thought there is a risk of even sooner than Q3.


  • persistently higher inflation

But wary of once again rising COVID-19 cases globally and the Omicron mutant.

Further out:

  • three more hikes - in Q4 next year and Q1 and Q2 of 2023. The fed funds rate was expected to reach 1.25-1.50% by end-2023.

Fed Chair Powell:

chair powell