Citi expects December Fed rate hike after upside inflation surprise
Oct 14 (Reuters) — Citigroup said on Wednesday it expects the Federal Reserve to raise interest rates by 25 basis points in December after September US core inflation data came in significantly above expectations. The brokerage had previously expected the Fed to leave interest rates unchanged for the rest of the year. (Reporting by Kanishka Ajmera in Bengaluru; Editing by Jonathan Ananda) ((mailto:Kanishka.Ajmera@thomsonreuters.com)
Oct 14 (Reuters) — Citigroup said on Wednesday it expects the Federal Reserve to raise interest rates by 25 basis points in December after September US core inflation data came in significantly above expectations. The brokerage had previously expected the Fed to leave interest rates unchanged for the rest of the year. com)