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Citi says Fed likely to cut in July after strong PCE report https://t.co/wVC8TEZh8w https://t.co/5uYDdjfk7Z
Economists at Citigroup dialed back their expectations for interest-rate reductions from the Fed this year https://t.co/whrLWn0WoM
Citigroup changes Fed call to 100bp of cuts this year from July. https://t.co/R7iJxLlNoT
Citigroup has revised its forecast for the Federal Reserve, now expecting a total of 100 basis points in interest rate cuts starting from July this year. This adjustment follows a strong Personal Consumption Expenditures (PCE) report, suggesting that the Fed might initiate these cuts as early as July.
