Rick Rieder, BlackRock Inc.'s chief investment officer for fixed income, was the only money manager at the Reuters summit predicting the Fed would move in June.

In fact, he would prefer the Fed to act even sooner to help normalize savings conditions.

Still, the great majority of money managers remains skeptical that the Fed will raise rates anytime soon.

"I just don't see what the justification would be," said Margie Patel, who oversees $1.4 billion at Wells Capital Management in Boston.

"I think sometimes that's why the Fed governors do so much talking because they would like things to go back to normal, just like we all would, but as far as seeing a clear path on how to get there it just isn't clear."

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