Nearly one-third of Pensions & Investments’ readers polled online in August thought the Federal Reserve would raise rates when the Federal Open Market Committee met last week.
Since the Fed did not raise rates, we are asking again.
About 35% of respondents to the last P&I poll on interest rates, conducted online from Aug. 3 to Aug. 10, said the Fed would raise rates: “Sometime next year;” another 29% of respondents believed the Fed would raise rates in September. About 10% chose October, 9% selected November and 17% voted for December.
The Fed is reportedly still on track to raise rates in 2015. However, the Fed also had indicated its plans to end quantitative easing long before it ultimately did. The Fed announced plans to end QE in June 2013, but it took more than a year, October 2014, to ultimately end bond buying. With that in mind, when do you think it will raise interest rates? Answer in the poll below.