PremiumAuthored by Frank Flight, Head of Macro Strategy at Citadel Securities,We have for some time argued that inflation risks were tilted to the upside, that the labor market was no longer a source of downside risk to the economy, and that the Fed staff and speakers were moving in a more hawkish direction.
Citadel Securities Makes The Case For A Fed Rate-Hike Tomorrow
...the market may once again be underestimating the extent of the hawkish shift at the Fed, and that the (for now) moderate increase in energy prices may tip an already finely balanced meeting in favor of a hike tomorrow...
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