Fed Unlikely to Hike Rates by 50 Basis Points in March
According to a report from Citigroup, the US Federal Reserve is unlikely to raise interest rates by 50 basis points in its March policy meeting. The report cites a number of reasons for this, including the recent surge in COVID-19 cases, ongoing concerns about the pace of economic recovery, and the possibility of inflationary pressures.
The report also notes that the Federal Reserve has been clear about its intention to maintain its current accommodative policy stance until the economic recovery is well underway. While some analysts have suggested that rising inflation could force the Fed to raise rates sooner than anticipated, Citigroup’s report suggests that any such move is unlikely to happen in the near term.
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Despite the cautious outlook for interest rates, Citigroup’s report suggests that there are still reasons for investors to be optimistic about the US economy. The report notes that the ongoing vaccine rollout is likely to boost consumer confidence and spending, while the recent passage of a large fiscal stimulus package is expected to provide a further boost to economic growth.
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Overall, while the Federal Reserve is unlikely to raise interest rates by 50 basis points in its March policy meeting, the Citigroup report suggests that investors can still expect to see continued economic growth and a supportive policy environment for the foreseeable future.
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