<p>Citigroup CEO Jane Fraser in a written interview with Japan's <a href="https://asia.nikkei.com/Economy/U.S.-Fed-to-raise-rates-near-5.5-by-May-predicts-Citigroup-CEO" target="_blank" rel="nofollow">Nikkei </a>media (may be gated). It was conducted in December but the Nikkei only just published it over the weekend. </p><p>Main points:</p><ul><li>"overall U.S. inflation has peaked, services inflation continues to be painfully persistent."</li><li>"We see the Fed increasing its terminal rate to just under 5.5% by next May and holding rates at that level through the end of next year"</li><li>"I think a recession is likely to happen in the U.S. sometime in the second half of 2023"</li></ul><p>–</p><p>ICYMI;</p><ul><li><a href="https://www.forexlive.com/centralbank/weekend-japan-pm-kishida-once-again-says-will-have-discussions-with-new-boj-governor-20230108/" target="_blank" rel="follow" data-article-link="true">Weekend – Japan PM Kishida once again says will have 'discussions' with new BOJ governor</a></li><li><a href="https://www.forexlive.com/news/mondays-economic-calendar-in-asia-is-light-japanese-markets-are-closed-for-a-holiday-20230108/" target="_blank" rel="follow" data-article-link="true">Monday's economic calendar in Asia is light, & Japanese markets are closed for a holiday.</a></li></ul>
This article was written by Eamonn Sheridan at www.forexlive.com.
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