Citi: The Federal Reserve will cut interest rates continuously starting from September, with a cumulative cut of 200 basis points
Analysts at Citi Research predict that the Federal Reserve will begin to aggressively cut interest rates in the coming months and continue until next summer. In a statement released last Friday, the bank cited new signs of economic slowdown and predicted that the Fed will cut rates by 25 basis points at each meeting starting in September, for a total of eight cuts until July 2025. This will lower the benchmark interest rate by 200 basis points, from the current 5.25%-5.5% to 3.25%-3.5%, and remain unchanged for the remainder of 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Oasis (ROSE) Breakout Alert: Targeting $0.133, $0.305, and $0.415
President Nayib Bukele Meets Musk at Tesla, Discusses El Salvador’s Tech Future
Dogecoin’s Bullish Momentum Builds, but Can It Break $0.11?
US spot bitcoin ETFs see inflows worth $92 million; BTC edges down
U.S. spot bitcoin exchange-traded funds (ETFs) recorded total daily net inflows of $92 million on Friday, spread across seven funds.