Citigroup moved its US rate cut forecast to September from July
- expects three cuts this year instead of four
- expects 75bp of rate cuts this year instead of 100
- expect a 25bp rate cut in each of September, October and December
- forecasts two rate cuts of 25 bps each in January and March of 2026
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Maybe its just me, but 75bp of Federal Reserve rate cuts in the next 5.5 months seems unlikely.
