The Federal Reserve should shift closer toward hiking interest rates as rising consumer prices become the dominant threat to the economy, according to Citadel Securities.
“Inflation, not the labor market is the greater risk,” Nohshad Shah, head of EMEA fixed-income sales. “The Fed should take note and adjust their stance soon, lest they get behind the curve.”
The warning comes after the jump in oil prices since the start of the US-Iran war caused the biggest surge of inflation since 2023.
At the same time, US financial conditions have eased due to the stock market’s rally on the ...
