Vi e w p o i n t | 27 Jul 2026 07:00:00 ET │ 8 pages US Economics The Daily Update - Can the Fed surprise us? CITI'S TAKE We expect the Fed to hold policy rates steady. A surprise hike would be oddly timed following softer core CPI and inflation breakevens reflecting expectations for subdued inflation. Andrew Hollenhorst AC +1-212-816-0325 andrew.hollenhorst@citi.com Veronica Clark AC +1-212-816-8830 veronica1.clark@citi.com See Appendix A-1 for Analyst Certification, Important Disclosures and Research Anal ...