Fed to Hike Rates Twice According to CNBC Survey Findings

A CNBC Fed Survey indicates that 86% of respondents foresee at least two rate hikes over the next year, up from 46% last month. The survey also shows 55% expecting more than a single hike. Respondents express concerns over persistent inflation, with CPI forecasts increasing to 3.5% for this year and 2.85% for 2027. The Fed's meeting outcomes will be crucial, as growth outlook remains steady at around 2.25% but recession risks persist at an estimated 29% probability. This matters for investors, as approaching rate hikes and inflation impacts could influence market performance.