Fed prediction is to keep raising rates from 3.1% to 4.26% from Oct-Mar.
[url="https://www.cnbc.com/2022/09/20/the-fed-is-now-expected-to-keep-raising-rates-then-hold-them-there-cnbc-survey-shows.html"]
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The September CNBC Fed Survey shows the average respondent believes the Fed will hike 0.75 percentage point, or 75 basis points, at Wednesday’s meeting, bringing the federal funds rate to 3.1%. The central bank is forecast to keep hiking until the rate peaks in March 2023 at 4.26%.
The new peak rate forecast represents a nearly 40 basis-point increase from the July survey.
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And predicting that inflation will be beat next year.
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Respondents forecast the consumer price index will end the year at a 6.8% year-over-year rate, down from the current level of 8.3%, and fall further to 3.6% in 2023.
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