Fed May Have to Raise Rates More Than Expected: Citi

The transcript discusses the current economic indicators, highlighting softer price data and the Federal Reserve's policy stance. It explores the potential terminal rate range of 5.25% to 5.5% and considers future economic conditions, including wage growth and service inflation. The discussion emphasizes the need for the Federal Reserve to reassess its policy rate to effectively manage inflation and economic growth.

Discuss the potential impact of wage growth on the Federal Reserve's policy rate.

What does the phrase 'stay the course' imply about the Federal Reserve's approach to economic policy?