Seven Financial Institutions Forecast a 25-Basis-Point Fed Hike in December

Goldman Sachs, JPMorgan, Morgan Stanley, Barclays, Deutsche Bank, UBS and HSBC forecast that the Federal Reserve will raise its benchmark interest rate by 25 basis points in December. A 25-basis-point increase equals a quarter of a percentage point and would match the size of the Fed's September move. That increase was the Fed's first rate hike in more than three years. In a separate survey of 100 economists , all 100 expected a December increase, while 94 expected the Fed to hold rates at its October meeting. The survey measured economists' expectations; the seven-institution outlook adds forecasts from financial institutions.

Source: TokenPost