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Market Chatter: Citigroup Pushes Back First Rate-Cut Forecast to September From July
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Market Chatter: Citigroup Pushes Back First Rate-Cut Forecast to September From July
Jun 7, 2024 7:58 AM

10:33 AM EDT, 06/07/2024 (MT Newswires) -- Economists at Citigroup ( C ) altered their forecast for when the Federal Reserve will lower its benchmark federal funds rate to September from July, Bloomberg reported, citing a Citi note.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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