by Mike ‘Mish’ Shedlock
When Will the Fed Act?
Given the massive swing in rate hike sentiment following the disastrous jobs report on June third, inquiring minds may be interested in how economists saw thing about a month ago.
On May 12, the Wall Street Journal too a survey of economists on the question When Will the Fed Act?
About 31% of economists surveyed by The Wall Street Journal this month said the Fed will raise short-term interest rates at its June 14-15 meeting, while another 31% expected it to wait until September. Another 21% thought the Fed will next move at its July meeting. For the first time since February, June wasn’t the economists’ consensus pick for the next Fed rate increase.