Wall Street sees next rate hike in May now: Survey: "Despite the recent sell-off, Wall Street expects stocks to rebound in 2016 and into 2017. The S&P 500 is seen rising to 2,035 this year and 2,158 next year from the current S&P level of 1,877. But the outlook for the 10-Year Treasury yield hit a new low with a forecast of just 2.51 percent by the end of 2016, down from the prior forecast of 2.67 percent. The 10-year yield closed Monday at 2.01 percent.
And 2016 began with the most downbeat outlook on growth in three years. Gross domestic product is seen growing just 2.17 percent this year. In each of the last two years, January forecasts in the survey for the year averaged closer to 3 percent.
The inflation outlook has also been revised lower, with an average year-end CPI forecast of just 1.5 percent, and oil prices seen lowering inflation by 40 basis points. The probability of a U.S.recession stands at 24.1 percent, among the higher readings from the survey. Previous readings that were higher, however, did not result in recessions."
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