Jan 17 (Reuters) – Citigroup Inc (C.N) Chief Government Officer Jane Fraser mentioned the U.S. Federal Reserve might sluggish fee hikes in late spring or early summer time, in an interview with CNBC.
After months of relentlessly elevating rates of interest, the Fed in December signaled it might pare again the tempo of its hikes as the complete results of the central financial institution’s coverage tightening circulate by means of into the economic system.
Fed Chair Jerome Powell, nevertheless, has cautioned towards any undue optimism and mentioned the central financial institution must get a firmer grip on inflation.
Final week, Fraser mentioned Citigroup was anticipating a gentle recession in the USA within the second a part of the 12 months.
Reporting by Niket Nishant in Bengaluru; Enhancing by Shinjini Ganguli
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