Citigroup Predicts 25 Basis Point Rate Cut by the Fed in September, Followed by 50 Basis Point Cuts in November and December
Publication Time:2024-09-11 21:38:08
Recently, financial analysis firm Citigroup released a forecast on the future policy direction of the US Federal Reserve System (Fed). According to this report, Citigroup predicts that in the upcoming September, the Fed will take action to lower the benchmark interest rate by 25 basis points in response to current economic uncertainties. Subsequently, it is expected that in November and December, the Fed will further reduce rates, lowering them by 50 basis points each month, aiming to stimulate economic growth and maintain low inflation levels. These predictions are based on current market dynamics, economic indicators, and global financial environment factors. Citigroup analysts note that through a series of rate-cutting measures, the Fed aims to provide additional policy support for the US economy while maintaining the flexibility of monetary policy.
Fed
rate cut
basis point
Citigroup prediction