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Investors Told to Brace for Steepest Rate Hikes Since 2006

Citi, JPMorgan predict average interest rates will climb to at least 1% next year across advanced economies.

By David Goodman, Bloomberg | Updated on December 11, 2017

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% next year in what would be the largest increase since 2006.

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