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Market watchers weigh chances of a surprise Fed rate hike tomorrow
['Frank Dematteo', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Investing.com -- In just over 24 hours, Kevin Warsh's Fed will announce its interest rate decision.
While the consensus is for the Fed to remain on hold, a growing number of market watchers expect a surprise rate hike.
Citadel Securities is one of those outliers, with the firm's head of macro strategy Frank Flight expecting a 25-basis-point hike.
Overall, 32% of market participants expect a hike tomorrow.
In other words, once a tightening cycle begins, the Fed rarely stops at one move.