Benchmark
Economists Have Moved Back Their Fed Rate Hike Guesses in Droves
Team June is becoming a very lonely camp
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Most economists now expect the Federal Reserve's first rate hike in almost a decade to come at its late-summer meeting, in a ballroom-worthy swing from their outlook last month.
The share of economists projecting the Fed will wait until September more than doubled to 71 percent in the latest Bloomberg survey, from 32 percent last month. Team June shrank to 12 percent from 45 percent in March. The camp calling for a July rate hike fell to 5 percent from 12 percent.