After better economic data and increasingly hawkish comments from some US central bankers, Wall Street is beginning to price in a more aggressive Federal Reserve, according to the latest CNBC Fed Survey.
Economists, fund managers and strategies who responded to the latest CNBC Fed survey have lowered their outlook for growth and the level of the S&P 500.
The CNBC All-America Economic Survey finds deep pessimism about future economic growth enveloping Americans as they hunker down from the effects of higher gas and food prices and fear that those prices could remain elevated for years.
Ben Bernanke and the Federal Reserve will likely end their efforts to stimulate the economy in June, according to the majority of respondents to the latest CNBC Fed Survey. But a sizable minority of 30% think the central bank is not ready to put its check book away just yet.
The Federal Reserve’s $600 billion stimulus program has done little to lower interest rates and or improve unemployment, though it has boosted stock and commodity prices, a CNBC survey says.
Market participants are virtually certain that the Federal Reserve will announce a substantial amount of asset purchases at the conclusion of its November meeting on Wednesday, according to the latest CNBC Fed Survey.
The Federal Reserve will boost its balance sheet by about half a trillion dollars over a six-month period beginning in November and keep it inflated for up to a year, according to a survey of leading markets participants by CNBC.
The American dream appears increasingly elusive to the average citizen, with the CNBC All-America Economic Survey finding continued high levels of pessimism in the nation’s outlook for incomes, home values and the future of the economy.