Citigroup pushes Fed rate-cut forecast to June 2027
Citigroup pushed its forecast for the Federal Reserve’s next interest-rate cut to June 2027 after a stronger-than-expected U.S. jobs report supported views that the labor market remains resilient and lowered the case for near-term easing.
Citigroup on Friday pushed back its forecast for the Federal Reserve's next interest-rate cut to June 2027 after a stronger-than-expected U.S. jobs report reinforced views that the labor market remains resilient and reduced the need for near-term monetary easing.The brokerage now expects 25-basis-p…