Citigroup forecasts 50 basis point cuts in September and NovemberEconomist at Citigroup are now forecasting a 50 basis point cut from the Fed in September and another one in November.
That's a big call and it's likely adding to the downward pressure on Treasury yields and in stock markets.
This article was written by Adam Button at www.forexlive.com.
Source: Citigroup forecasts 50 basis point cuts in September and November (https://www.forexlive.com/centralbank/citigroup-forecasts-50-basis-point-cuts-in-september-and-november-20240802/)
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