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المشهد العربي
Citigroup Pushes Back Rate Cut Forecast
Citigroup has postponed its forecasts for the U.S. interest rate cuts until next year, following a report indicating the robustness of the labor market in the United States. The bank revised its expectations for the Federal Reserve to cut interest rates by 25 basis points in June, September, and December 2024, instead of October and December 2023. Policymakers are focusing on inflation, as the labor market is viewed as largely stable. Market trading suggests a 61% probability of interest rate hikes at the current meeting, up from 52% prior to the employment report.
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