image: Adam Jeffery / CNBC

Fed will be forced to raise rates more rapidly than expected because of accelerating economy, survey says

January 30, 2018


Wall Street is looking for more economic growth this year, boosted by recently adopted tax cuts, but also more interest rate hikes from the Federal Reserve.

Respondents to the CNBC Fed Survey expect gross domestic product to rise 2.9 percent compared with last year, about half a point higher than the average forecast in the July survey. At the same time, forecasters lowered their 2019 outlook to 2.7 percent from 2.85 percent in the December survey.

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