Citigroup CEO Fraser: US Fed to raise rates near 5.5% by May – Nikkei

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Citigroup CEO Fraser: US Fed to raise rates near 5.5% by May – Nikkei

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    The US Federal Reserve will raise interest rates 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.

    Also read: Latest talks of Fed officials flash mixed signals for markets

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