Citigroup traders are positioned for the Federal Reserve to leave rates unchanged this week, Akshay Singal, the bank’s global head of short-term rates trading, said; their positions would profit if the Fed holds. Singal said Citigroup still expects no change and noted Fed Chair Kevin Warsh has urged markets to focus on the data, which he says currently do not warrant a rate hike.

2026-07-27

Citigroup traders are positioned for the Federal Reserve to leave rates unchanged this week, Akshay Singal, the bank’s global head of short-term rates trading, said; their positions would profit if the Fed holds. Singal said Citigroup still expects no change and noted Fed Chair Kevin Warsh has urged markets to focus on the data, which he says currently do not warrant a rate hike.