Citi Expects Fed Rate Hike in December
Citigroup now expects the Federal Reserve to raise interest rates by 25 basis points in December. The shift follows consumer inflation data for September that came in significantly above expectations.
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CITIGROUP INC shifted to a hawkish stance on the Federal Reserve, projecting a 25 basis point rate hike for December. The pivot follows September consumer inflation data in the United States that exceeded expectations.
