Fed Rate Hike 'Highly Unlikely,' Citi's Kate Moore Says

Citi Wealth Chief Investment Officer Kate Moore discusses the recent market pricing that reflects a 50% chance of a Federal Reserve rate hike by October. Speaking on "Bloomberg Open Interest," Moore notes that Citi's consistent view over the past six months has been that the market was too optimistic about multiple rate cuts in 2026. However, recent shifts have swung expectations too far toward a potential rate increase rather than a cut.