Citi Expects Fed to Raise Rates 25 Basis Points in December
Citigroup said it expects the Federal Reserve to raise interest rates by 25 basis points in December, after September US consumer inflation came in significantly above expectations.
Citigroup said on Wednesday that it expects the Federal Reserve to increase interest rates by 25 basis points in December, after US consumer inflation for September was significantly higher than expected. The brokerage had been the only holdout forecasting no further Fed rate changes this year, even as…