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Citibank: Fed Likely to Keep Rates Steady
The article concerns Citigroup's expectations regarding interest rates in the United States. It suggests that the Federal Reserve (the U.S. central bank) is likely to keep interest rates unchanged at the upcoming meeting, despite rising oil prices. This comes amid differing views among policymakers, with inflation continuing to decline and the labor market remaining strong, which reduces the reasons for tightening monetary policy. It is also anticipated that ongoing economic slowdown will decrease the likelihood of a rate hike, and the Federal Reserve may consider cutting rates again starting in October 2026.
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