Citi exepcts 25bp Federal Open Market Committee (FOMC) hike Wednesday, presser important

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Citi summarizes its expectations for this week's FOMC policy decision on Wednesday.

  • "Citi Economics continue to expect the FOMC to hike by 25bps during Wednesday's FOMC meeting, and raise the 2023 median dot 25bp to 5.25-5.50%," Citi notes.
  • "The hawkish or dovish market read may come down to whether Powell focuses more o financial or price stability in the press conference," Citi adds.
fed funds 02 February 2023

Fed Funds via Trading Economics graph

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