A 50bp rate cut in September remains base case scenario at Citi
Investing.com -- Citi analysts in a note dated Wednesday maintained that a 50 basis points rate cut at the upcoming September Federal Open Market Committee meeting remains their base case scenario.
A"vast majority" of Fed officials indicated that, should the data continue to meet expectations, it would likely be appropriate to ease policy at the September meeting. “Several officials would have supported a cut in July, with more noting risks of a more significant labor market deterioration,” the analysts said.
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