Economics
Investors Told to Brace for Steepest Rate Hikes Since 2006
- Citigroup, JPMorgan predict policy tightening in rich nations
- Fed, ECB, BOE and SNB set policy in 18-hour window this week
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Wall Street economists are telling investors to brace for the biggest tightening of monetary policy in more than a decade.
With the world economy heading into its strongest period since 2011, Citigroup Inc. and JPMorgan Chase & Co. predict average interest rates across advanced economies will climb to at least 1 percent next year in what would be the largest increase since 2006.