Fed Minutes to reveal divergence between doves and hawks on terminal rate – Citibank

Strategists at Citigroup are of the opinion that the Minutes of the US Federal Reserve (Fed) December meeting could underscore the divergence between doves and hawks on how high the terminal rate should go.

Key quotes

"We will also be looking for any guide on what could determine the size of the hike at the February meeting, but would not expect any concrete guidance."

“Continue to expect a 50 basis points hike in February.”