Wall Street still sees Fed on pace for one rate hike, in December: Reuters poll

Wall Street's biggest banks are sticking to bets that the U.S. Federal Reserve will raise interest rates once this year, and the increase would most likely occur in December after a tepid employment report for August quashed most talk of a move as early as this month. Economists for 13 out of 14 primary dealers who responded to a Reuters poll on Friday said they expect the Fed to lift the targeted range for its benchmark short-term interest rate by a quarter-percentage point to a median level of 0.63 percent by year end. The current mid-point for the federal funds rate is 0.38 percent.

See the original post here: 
Wall Street still sees Fed on pace for one rate hike, in December: Reuters poll