06-05-2016 22:17 via news.yahoo.com

Wall Street gives up on June rate hike by Fed after payrolls disappoint - Reuters poll

By Dion Rabouin NEW YORK (Reuters) - Wall Street's top banks have all but abandoned any expectation that the Federal Reserve will raise interest rates in June, and most now see the U.S. central bank's next rate hike coming in September, according to a Reuters survey conducted on Friday. Friday's weaker-than-expected payrolls report for April acted as the catalyst for several economists at primary dealers to back away from their previous predictions for an interest rate increase at the Fed's next
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