U.S. Prosecutors Investigate Fed Chair Jerome Powell Over Headquarters Renovation 
South Korea Vows Action to Stabilize Won as Currency Weakens Despite Strong Fundamentals 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Fed’s Anna Paulson Signals Rate Cuts May Come Later as Inflation Cools and Labor Market Stabilizes 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September 
According to a survey of 42 economists by Financial Times, more than 2/3rd of them has aligned themselves with a rate hike by FED again in March.
In previous articles under the same series name we discussed there are considerable gaps in expectation of hikes for FED next year. While FED's own dot plot is suggesting four 25 basis points hike next year, economists are calling for three and market is pricing two. Our call is for two but with reinvestment policy change (very late next year).
According to the survey more than 50% are expecting FED to strike for third time in June.
Market is now predicating with more than 50% probability that rates will rise in March. Previously it was April. However next hike is being priced deeper next year.
If FED do hike in March, question is how the hike cycle can be called as gradual with still no sign of inflation pickup.
