Citigroup: The Fed is expected to cut interest rates by 25 basis points at each meeting before July next year

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ODAILY
12-13
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Odaily Odaily News: A team of Citi economists led by Andrew Hollenhorst said that a loose labor market will reduce inflationary pressures in the service sector, and weak global conditions will curb commodity prices. This will lead to aggressive actions by the Federal Reserve, which is expected to cut interest rates by 25 basis points at each meeting before July next year, bringing the federal funds rate to between 3% and 3.25%. This is far below market expectations, which expect the federal funds rate to be around 4% by then. (Jinshi)

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