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Citi delays Fed rate cut forecast

Citigroup pushed back its Federal Reserve rate-cut forecast to June 2027 following a stronger-than-expected August jobs report. The resilient labor market data reduced expectations for near-term monetary easing.

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FILE PHOTO: The Federal Reserve building is set against a blue sky in Washington, U.S., May 1, 2020. REUTERS/Kevin Lamarque/File Photo

CITIGROUP INC pushed back its Fed interest-rate cut forecast to June 2027 following a strong United States jobs report. The revision drops prior expectations for cuts in late 2026 and early 2027.
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