BofA Survey: Majority of Investors Expect Fed to Stay Hawkish

BlockBeats News, June 16th, the Global Fund Manager Survey by a U.S. bank for June showed that investors generally expect the Fed to keep rates unchanged on Wednesday.

Approximately 55% of investors expect a "hawkish hold," meaning rates stay the same, with new Fed Chair Powell hinting at keeping rates relatively high for a longer period.

33% of investors expect a "dovish hold," with Powell leaving the door open for further rate cuts.