Economists appear unmoved by Federal Reserve officials’ recent comments indicating they will consider raising short-term interest rates this month.
A Wall Street Journal survey of economists in recent days found that just 13.1% of them expected the Fed to raise rates at its Sept. 20-21 meeting, while 73.8% said policy makers will hold off until their December gathering. The results are similar to the August economists’ survey, in which about 11% saw a rate increase in September and 71% in December.
“At least for now, there is probably not sufficient data to warrant a move at the September meeting,” said Chad Moutray, chief economist at the National Association of Manufacturers.
The results suggest Fed officials haven’t swayed many observers’ perception about their next move, despite a steady drumbeat in recent weeks of officials declaring themselves ready to consider an increase in borrowing costs.
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