Thursday , 21 November 2024
Home Forex Citigroup forecasts 50 basis point cuts in September and November
Forex

Citigroup forecasts 50 basis point cuts in September and November

Economist at Citigroup are now forecasting a 50 basis point cut from the Fed in September and another one in November.

That’s a big call and it’s likely adding to the downward pressure on Treasury yields and in stock markets.

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

US Dollar soft as market digest labor and economic activity data, Fed words

In Thursday's session, the US Dollar Index (DXY) flattens after Fed's Williams...

Dow Jones Industrial Average reclaims 550 points on Thursday

The Dow Jones Industrial Average (DJIA) lurched higher on Thursday, climbing upwards...

TESLA (TSLA) stock : Elliott Wave forecasting the rally

In this technical article we’re going to take a quick look at...

BlackRock (NYSE: BLK) strong weekly breakout to upside [Video]

In our previous article, BlackRock (NYSE: BLK) was expected to continue the...