The economists at Citi maintained their call for no rate cuts this year after the Federal Reserve said the case for an easier monetary policy has strengthened.
"Fed policy – and our call for no cuts in 2019 – remain highly dependent on incoming data over the next few weeks," said Catherine Mann, global chief economist at Citi.
"While we acknowledge a substantial probability of cuts as early as July, we continue to think markets are priced for more near-term accommodation than appropriately probability-weighted scenarios would suggest," Mann said. The economists at Citi maintained their call for no rate cuts this year after the Federal Reserve said the case for an easier monetary policy has strengthened, while dropping the word "patient" in its statement.
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