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

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Citi are forecasting two 50bp interest rate cuts from the US Federal Reserve
source : forex live ( Middle East ) () 35
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.

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