Citi Predicts Fed Rate Cuts Will Come Later Than Expected (opens in new tab)

Citigroup changed its expectations for a Federal Reserve interest rate cut, Reuters reported Thursday (June 18). The banking giant is a “longstanding Fed dove” among big brokerages, the report said. Now, however, the hawkish position of policymakers in the United States has Citi projecting 25-basis-point cuts each in October and December, plus another in […] The post appeared first on <a href="