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Citi: Expects Fed to Cut Interest Rates for First Time in October

BlockBeats News, June 18th - Citigroup has stated that it expects the Federal Reserve to cut interest rates by 25 basis points in October and December 2026, and January 2027, compared to the previous forecast of rate cuts in September, October, and December of this year.

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The Federal Reserve will hold steady after one rate hike.
Citi believes geopolitical turbulence is temporary and the rate cut trajectory remains unchanged. Meanwhile, Deutsche Bank warns that the policy has reached a neutral stance, with no interest rate cuts in the foreseeable future.
Powell believes that political pressure is not a threat, and what truly determines the Fed's independence is the Fed itself.
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