Citigroup economists have pushed back their forecast for the Federal Reserve’s next interest rate cut to June, revising their previous expectation for a move in May.
Despite the shift in timing, Citi has left its broader outlook for 2025 unchanged, continuing to project a total of 125 basis points of rate cuts by year-end
ICYMI: Citigroup shifts Fed rate cut call to June, maintains 125 bps easing 2025 forecast