NABE Survey Respondents Say Fed Policy OK for Now

Two-thirds of those polled by the National Association for Business Economics for its economic policy survey believe that Federal Reserve monetary policy is appropriate at the moment.

However, a majority believes that a rise in interest rates is both likely and appropriate in the next several months.

The results, published yesterday, showed that survey participants were also asked what impact they expect the end of the Fed’s mortgage-backed securities purchase program to have. The nearly unanimous view is that mortgage rates will rise.

— Market News International

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