Citigroup economists have pushed back their forecast for the Federal Reserve’s next interest rate cut to June, revising their previous expectation for a move in May.
Despite the shift in timing, Citi has left its broader outlook for 2025 unchanged, continuing to project a total of 125 basis points of rate cuts by year-end.
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The updated forecast is one of many that are coming amid renewed market debate over the timing and extent of rate cuts.
Meanwhile, Trump continues his attack on markets and the Fed:
This article was written by Eamonn Sheridan at www.forexlive.com.