Citi expects December Fed rate hike after upside inflation surprise
TLT•Citigroup expects the Federal Reserve to raise interest rates by 25 basis points in December after September U.S. core inflation exceeded expectations. It had previously expected rates to remain unchanged for the rest of the year.
1. Rate outlook changes
Citigroup said it expects the Federal Reserve to raise interest rates by 25 basis points in December after September U.S. core inflation came in significantly above expectations. The brokerage had previously expected the Fed to leave rates unchanged for the rest of the year.
