CoinDesk·3 min read·medium
Citadel bets on a Fed rate hike Wednesday as bitcoin analysts call a hold. Someone will be wrong.
O
Omkar Godbole
✦AI Summary
Citadel Securities is predicting a surprise 25-basis-point interest rate hike by the Federal Reserve, contradicting the market consensus of no change. The firm argues that a hike would establish central bank independence and end the era of predictable forward guidance.
Citadel, one of the largest hedge funds in the U.S., managing $67 billion in assets, is calling for markets to brace for a 25-basis-point interest rate hike from Chair Kevin Warsh, not in September but later on Wednesday. That would lift the Fed's benchmark borrowing cost to the 3.75%-4% range.
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