Fed Rate Hike Expectations Surge to New Heights

A recent poll conducted by CNBC reveals that most investors and analysts now expect two more rate hikes by the Federal Reserve next year. The survey shows that 86% of respondents anticipate one hike in 2027, while 55% predict multiple hikes.

This is a significant increase compared to previous expectations, with only 46% expecting a hike ahead in the last poll.

The respondents include economists, fund managers, and strategists who also expect the Strait of Hormuz to remain closed for at least another month, putting further pressure on energy prices.