Citi: The Fed Will Still Hike in September, But There's One Big Wild Card Ahead
Pay close attention to Fischer
Federal Reserve Vice Chairman Stanley Fischer
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Citi is sticking with its call that the Federal Reserve will hike its policy rate next month.
The bank's economists, led by William Lee, interpreted the Federal Reserve's July minutes differently from other institutions, claiming that monetary policymakers' increased concerns about financial stability cemented the case for a hike in September.