Citi are forecasting two 50bp interest rate cuts from the US Federal Reserve ...Middle East

Info via Bloomberg of jumbo-sized interest rate cuts to come from the Federal Open Market Committee (FOMC).Citi were expecting a 50bp Fed Funds cut on September 18 but after the CPI data on Wednesday trimmed that back to now forecasting a 25bp rate cut:maintain their projection for 125bp of rate cuts by year end, which translates now to 50bp cuts on November 7 and 50 again on December 18 This article was written by Eamonn Sheridan at www.forexlive.com.

Read More Details
Finally We wish PressBee provided you with enough information of ( Citi are forecasting two 50bp interest rate cuts from the US Federal Reserve )

Also on site :

• Morning Report — Texas braces for more flood danger after Hill Country tragedy 
• Bangladesh lawyers challenge ex-PM Hasina’s murder trial charges
• Ukraine plagued by ‘palace politics’ and purges – Economist