Above the Fed expectation of 3 total for 2018
The 23 dealer banks in the US saw a total of 3 more hikes in 2018 following the March hike. NOTE that the survey did take place before the May 2nd hike.
The 4 total hikes for 2018 is 1 more than the expectations from the Fed, although many Fed officials are open for an extra hike if inflation accelerates.
The expectations are that the Fed will hike in June and again in September. If the Fed does not tighten in December, it will be a departure from the most recent pattern of hiking at meetings that has a press conference. The Fed did skip tightening one time at a 2017 meeting.
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