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

Bloomberg Markets
Friday, March 20, 2026 at 2:49 PM
~4 min read
Monetary Policy

Original Report

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...

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. (Source: Bloomberg)

Glass House Analysis

Central bank policy decisions made in boardrooms cascade through the economy in ways that touch everyone. A quarter-point rate change might seem abstract, but it determines whether young families can afford homes, whether businesses can afford to hire, and whether retirees see meaningful returns on their savings. The tension between fighting inflation and maintaining employment represents a fundamental tradeoff in economic policy—one that invariably creates winners and losers.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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