2024-07-09 22:37:58

#LADYS Citigroup: The Fed will start cutting interest rates continuously from September, with a total cut of 200 basis points.

Citigroup Research analysts expect the Fed to start cutting interest rates aggressively in the coming months and continue until next summer.
In a statement last Friday, the bank cited new signs of economic slowdown and believed that the Federal Reserve will cut interest rates by 25 basis points at every meeting starting from September, with a total of eight rate cuts until July 2025. This will drop the Benchmark Interest Rate by 200 basis points, from the current range of 5.25%-5.5% to 3.25%-3.5%, and remain unchanged for the rest of 2025.

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