BofA Merrill Lynch Fund Manager Survey Finds Majority of Investors Expect Three or More U.S. Rate Hikes in Coming Year

Dateline City: NEW YORK Consensus Builds That China Growth Will Slow A majority (58 percent) of global investors expect the U.S. Federal Reserve (Fed) to raise rates three times or more in the coming 12 months, according to the BofA Merrill Lynch Fund Manager Survey for December. More than half of the panel (53 percent) says long U.S. dollar is the "most crowded trade," up from 32 percent in November. Thirty-five percent say the end of the Fed hiking cycle is the event most likely to end the U.S. dollar bull market. Risk-taking fell. Cash rose to 5.2 percent of portfolios from 4.9 percent......(read more)

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