The Federal Reserve will end its bond-buying programme by the end of March and raise US interest rates soon after, according to a poll of leading academic economists for the Financial Times.
The latest survey, conducted in partnership with the FT by the Initiative on Global Markets at the University of Chicago Booth School of Business, marks an abrupt shift in the economists’ expectations at a time of surging inflation and tumbling unemployment.
Their responses underscore how swiftly the economic situation in the US has evolved over just a handful of months, as well as the pivot under way at the US central bank as it quickly unwinds its pandemic-era support to focus on fighting soaring prices.
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