Scott Chronert, head of U.S. equity strategy at Citi Research, stated that while the market widely expects the Federal Reserve to raise rates again, the Fed's next move could potentially be a rate cut.
Speaking on "Squawk on the Street" on Thursday, Chronert said Citi economists believe: "A rate hike was completed in September, and the Fed will most likely pause rate hikes thereafter until the middle of next year."
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