Global Market: Citi expects Fed to raise rates by 25 basis points in December after hot US inflation data
60-Word AI Digest
Citigroup now expects the US Federal Reserve to raise interest rates by 25 basis points in December following hotter-than-expected September inflation. The brokerage forecasts rates to remain unchanged thereafter, with rate cuts unlikely before June 2027.
Key Takeaways
- Citigroup now expects the US Federal Reserve to raise interest rates by 25 basis points in December following hotter-than-expected September inflation.
- The brokerage forecasts rates to remain unchanged thereafter, with rate cuts unlikely before June 2027.
- Full details and original dispatch available below.
Citigroup now expects the US Federal Reserve to raise interest rates by 25 basis points in December following hotter-than-expected September inflation. The brokerage forecasts rates to remain unchanged thereafter, with rate cuts unlikely before June 2027.
Original Publisher Attribution
This summary was curated from Economic Times.