[Citadel Securities: Walsh May Deliver a Surprise Rate Hike This Week] According to a report by Jinse Finance, on July 28, Citadel Securities expects the Federal Reserve to raise interest rates this week—a surprise move that would bolster Chairman Kevin Walsh's credibility in the fight against inflation. Frank Freit, the institution's head of macro strategy, wrote in a report that a 25-basis-point rate hike on Wednesday would reinforce Walsh's repeated commitment to restoring price stability while signaling that policymakers are no longer reliant on preemptively signaling every policy action. 'The market may once again be underestimating the extent of the Fed's hawkish pivot.' A rate hike this week would 'decisively end the era of forward guidance' while highlighting the Fed's independence.