By Patti Domm | CNBC
With Wall Street doubting the Fed’s willingness to hike interest rates this year, Deutsche Bank’s chief U.S. economist said he does not have a lot of confidence the Fed will even raise the fed funds rate next year.
Deutsche economist Joseph LaVorgna’s forecast is that the Fed will raise rates in March for the first time in more than nine years, and then follow up with another hike in June. He expects it would then pause while it assesses the impact of its hiking.
