16 Hrs
Source:
اقتصاد سكاي نيوز عربية
City Group delays rate cut plan until 2027
Citi has delayed its expectation of a Federal Reserve interest rate cut to June 2027, following the release of robust U.S. employment data in August, which added 162,000 jobs and kept the unemployment rate steady at 4.1%. This has reduced the immediate need for monetary policy easing, with expectations now that rates will be cut by 25 basis points in June, September, and December 2024, compared to previous forecasts of cuts in October, December 2026, and January 2027. The data indicates that the labor market remains resilient, and the focus is now shifting toward monitoring inflation, with the possibility of raising interest rates if inflation accelerates. Market expectations have adjusted, now indicating a 61% chance of an interest rate hike at the upcoming September meeting.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)