Citigroup CEO Fraser: US Fed to raise rates near 5.5% by May – Nikkei – by anilpanchal7 Fed Banks RiskAppetite Recession
to just under 5.5% by May, with an economic recession likely sometime in the second half of 2023, predicts Citigroup CEO Jane Fraser, reported Nikkei Asia during the weekend.Overall US inflation has peaked, services inflation continues to be painfully persistent.
If the BOJ were to make additional adjustments, they could well spur further yen strength, dragging down not only corporate earnings but potentially the inflation outlook as well. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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