Citadel Securities anticipates surprise US interest rate rise this Wednesday
Citadel Securities believes the US central bank will unexpectedly raise interest rates this week. A quarter-point hike on Wednesday would boost Chairman Kevin Warsh's reputation for tackling inflation. The rate rise would also support Warsh's promise to bring back stable prices. “The market may once again be underestimating the extent of the hawkish shift at the Fed,” Frank Flight said to Bloomberg.
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