Reuters poll: Fed to hike by 25 BP in March.
Not surprising on the hike.
- Improving US economic data top reason for the feds change in tone in favor of a hike
- Fed funds target rate to reach 1.25-1.50 bby end of 2017 (was 1.00-1.25 in Feb poll)
- US GDP to grow annualized 2.0 to 2.4% in each quarter this year. (2.1 to 2.5% in Feb poll)
- US core PCE price inflation forecast average 1.7% to 11.9% each quarter this year (when change from February poll)