Citi Sticks to Bet Fed Will Stand Pat This Week

July 27th - Citigroup traders are betting this week that the Fed will keep interest rates steady. According to the bank's global head of short-term interest rate trading, Akshay Singal, if the Fed maintains the rate, their position will be profitable.

Singal said, "We still expect the rate to remain unchanged." He added that Fed Chair Powell has made it clear that he wants the market to focus on the data, and the data indicates that the Fed does not need to raise rates at the moment.