Reuters survey: 7 of 17 Primary dealers see rate hike in September

August survey had 13 looking for a September rate hike

Also,

• 10 of 17 primary dealers see Fed raising funds rate in the 4th quarter or later
• medium fed funds target among primary dealers is the 0.375% by and 2015 (was 0.5% in August), 1.375% by the end of 2016 (was 1.5% in August).
• 9 of 15 primary dealer say conviction around September rate hike has decreased in last month.
• Medium probability for September rate hike estimated by US primary dealers is 40%, down from 60% in August