CNBC Survey: Majority Expect Fed to Raise Rates Twice Within Year

A majority of respondents in a CNBC survey foresee the U.S. Federal Reserve implementing at least two rate hikes within the next year, reflecting growing concerns over inflation spreading beyond energy prices. CNBC reported on the survey results released Thursday, noting that rising oil prices have been a key factor influencing the Fed's outlook. Approximately three-quarters of respondents indicated that inflation issues are not limited to energy costs.