Citi: The Federal Reserve may cut interest rates up to 5 times this year
According to Internet reports, Citibank predicted on Monday that the U.S. economy will show obvious signs of weakness by June and prompted the Federal Reserve to cut interest rates for the first time this year, possibly five times at most. Economists at Citibank said Fed officials will focus more on the health of the economy and the labor market than on inflation. Citibank: We expect a series of data to make Fed officials more dovish by June. This leads us to believe that risks tend to be more rapid and/or deeper interest rates. For now, Citibank says the key federal funds rate is expected to fall to a range of 3 percent to 3.25 percent by the end of 2025 from the current 4.25 percent to 4.5 percent. (Jin Shi)
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