A survey from Q3 2022 suggest concerns among the majority of the United States banking industry about the rising Federal Reserve interest rates. 58 percent of the respondents worried that the Fed would overcorrect for inflation by raising the rates too fast and too high. In contrast, 10 percent of the respondents were concerned about not raising the rates fast enough. In terms of the timeline, the majority of the respondents expected that the Fed would hit its peak rate in the first half of 2023. Most respondents believed that the peak rate would be between 4.5 and 7.75 percent. As of December 2022, the Federal Funds Effective Rate was 4.1 percent.
Banker opinion of increasing Federal Reserve interest rates in the United States as of 3rd quarter 2022
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Banker opinion of increasing Federal Reserve interest rates in the United States as of 3rd quarter 2022
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The figures shown here are from three separate, but connected survey questions. They were phrased by the source as follows:
"Of the following statements, which most reflects your view?";
"When do you think the Fed will hit its peak rate?";
"In your opinion, what is the peak rate likely to be?"
The source adds the following information: Out of the 454 respondents, 151 were CEOs, 42 were presidents, 235 were CFOs, and 26 were COOs. Figures have been rounded.
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Website (intrafi.com). (October 31, 2022). Banker opinion of increasing Federal Reserve interest rates in the United States as of 3rd quarter 2022 [Graph]. In Statista. Retrieved February 28, 2025, from https://www.statista.com/statistics/1121091/us-banker-perspective-fed-interest-rates/
Website (intrafi.com). "Banker opinion of increasing Federal Reserve interest rates in the United States as of 3rd quarter 2022." Chart. October 31, 2022. Statista. Accessed February 28, 2025. https://www.statista.com/statistics/1121091/us-banker-perspective-fed-interest-rates/
Website (intrafi.com). (2022). Banker opinion of increasing Federal Reserve interest rates in the United States as of 3rd quarter 2022. Statista. Statista Inc.. Accessed: February 28, 2025. https://www.statista.com/statistics/1121091/us-banker-perspective-fed-interest-rates/
Website (intrafi.com). "Banker Opinion of Increasing Federal Reserve Interest Rates in The United States as of 3rd Quarter 2022." Statista, Statista Inc., 31 Oct 2022, https://www.statista.com/statistics/1121091/us-banker-perspective-fed-interest-rates/
Website (intrafi.com), Banker opinion of increasing Federal Reserve interest rates in the United States as of 3rd quarter 2022 Statista, https://www.statista.com/statistics/1121091/us-banker-perspective-fed-interest-rates/ (last visited February 28, 2025)
Banker opinion of increasing Federal Reserve interest rates in the United States as of 3rd quarter 2022 [Graph], Website (intrafi.com), October 31, 2022. [Online]. Available: https://www.statista.com/statistics/1121091/us-banker-perspective-fed-interest-rates/
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