Citi economists now expect the Federal Reserve to make a more aggressive 50 basis point hike in the fed funds target rate in March.
Wall Street economists have been expecting a quarter-point hike when the Fed meets next month.
Citi economists now expect the Federal Reserve to make a more aggressive 50-basis-point hike in the fed funds target rate in March. Wall Street economists have been expecting a quarter-point hike for March. Indeed, as recently as Jan. 28, Citi called for five 25-basis-point rate hikes in 2022, starting next month.
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