Citigroup drops 1.1% as Fed rate-cut timeline shifts to 2027
Citigroup fell 1.1% to about $136.66 around midday Friday, after its economists pushed the first expected Federal Reserve rate cut into 2027 and now expect easing to begin in June.
Citigroup NYSE:C, the global banking and payments giant, fell 1.1% to approximately $136.66 around midday Friday after its economists shoved the first expected Federal Reserve rate cut deep into 2027.
Citi now expects easing to begin in June, followed by three quarter-point cuts during the year.
Th…