Powell: The U.S. labor market has cooled sufficiently. Citigroup predicts that interest rates will be cut eight times in a row in September, returning to 3.25-3.5% by mid-2025
Powell acknowledged that the labor market is cooling and inflation is improving, hinting that a rate cut is possible but remaining noncommittal about the timing. Citigroup expects the Fed to cut interest rates eight times in a row starting in September amid signs of an economic slowdown.
ZeZheng