Wall Street Contemplates Possibility of Rate Hikes Despite Robust Economy
• Wall Street considering "unthinkable" no rate cuts scenario a month ago • Citi strategist suggests more complex rate scenario may unfold than just declining inflation = Fed cuts • Possibility of debate over appropriate neutral rate level • Mystery why higher rates haven't dampened economy more • Citi says markets should price in some risk of future hikes, look to 1998 rate hike cycle