A majority of asset managers said the Federal Reserve’s recent decision to slow the pace of its bond buys will lead to higher interest rates in the next three months, according to a quarterly survey of investment managers by Northern Trust.

The survey of approximately 100 investment managers, taken June 6-21, also found that 76% expect housing prices to rise in the next six months (that figure is down from 88% in the first quarter survey). Meanwhile, 22 percent of respondents expect housing prices to remain stable, up from only 9% who held that view in the previous quarter.

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