L: Jim is a member of the economic survey panel of The Wall Street Journal. As part of that survey there are opportunities to add 10-word comments to some of the forecast answers. Occasionally one of these comments makes it into an article. Today that article is online. It's possible it will show up in the print edition tomorrow. We both think it's very cool when he gets a WSJ mention.
Here's the section that includes the quote:
The latest poll found 56 out of 59 respondents, or nearly 95%, saying the Fed would next raise its benchmark short-term interest rate in December to a range between 1.25% and 1.50%.
That’s an increase from last month’s survey, when just over three quarters of economists expected the Fed would next raise interest rates at its Dec. 12-13 meeting.
“They’re not likely to miss this well-telegraphed opportunity,” said James F. Smith, chief economist at Parsec Financial.