Citi Economists Forecast a December Fed Rate Hike, Say Core CPI Far Exceeded Expectations

Deep News00:45

From October 20 to 22, along the banks of Shanghai's Huangpu River, the 2026 Sustainable Global Leaders Conference returns once again. Nobel Prize and Turing Award winners will take the stage to discuss the future and trends of technology, and the internet-famous professor who "rescues" people from anxiety and the era of involution, Macfarlane, will hold a live dialogue with Xiang Biao!

Spots are limited, so act fast. Let us join together for this appointment with sustainability! [Click to register]

Citi economists, citing September Consumer Price Index (CPI) data, especially core CPI that was "far above our and consensus expectations," have added a forecast for a Federal Reserve rate hike at its December meeting.

Economists Veronica Clark and Andrew Hollenhorst wrote in a report on Wednesday: "Based on previous guidance, we expect the Fed to 'hold steady' in October, but to raise rates by 25 basis points in December."

The two economists also expect the Fed to then keep rates unchanged until it begins cutting rates in June next year, with three cuts in total for the year. Previously, Citi had expected the Fed to keep rates unchanged until the end of the first quarter next year. Sina's major cooperative platform for futures account opening provides safe, fast and guaranteed service.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment