{"id":15060,"date":"2024-07-09T15:25:32","date_gmt":"2024-07-09T12:25:32","guid":{"rendered":"https:\/\/forklog.com\/en\/citi-predicts-fed-rate-cuts-to-begin-in-september\/"},"modified":"2024-07-09T15:25:32","modified_gmt":"2024-07-09T12:25:32","slug":"citi-predicts-fed-rate-cuts-to-begin-in-september","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/citi-predicts-fed-rate-cuts-to-begin-in-september\/","title":{"rendered":"Citi Predicts Fed Rate Cuts to Begin in September"},"content":{"rendered":"

Starting in September and continuing for the next seven consecutive meetings until July 2025, the Federal Reserve will reduce the key rate eight times by 25 basis points each, totaling a 2% decrease. This was stated by Citi analysts, according to Fortune<\/a>.<\/p>\n

Subsequently, the regulator will maintain the key rate at 3.25% until the end of the following year.<\/p>\n

Experts noted that the Fed<\/span> will decide to change its policy as the economy is “heading towards a sharp slowdown.”<\/p>\n

As indicators of this trend, analysts mentioned the rise in unemployment to 4.1% and a cooling of business activity in the services sector. Citi also highlighted the “dovish” tone of recent comments by Fed Chair Jerome Powell.<\/p>\n

On July 9 at 17:00 (Kyiv\/MSK), the Fed Chair will address<\/a> the Senate Banking Committee. Signals regarding adjustments to monetary policy can be expected.<\/p>\n

At the time of writing, the swap market estimates a 70% chance of a rate cut in September, according to Bloomberg<\/a>.<\/p>\n

The previous meeting in June led to a decrease in risk appetite, contributing to negative trends in cryptocurrencies.<\/p>\n

Earlier, 10x Research predicted Bitcoin’s return to a growth trajectory amid easing inflation and the Fed’s approach to the start of a policy easing cycle.<\/p>\n","protected":false},"excerpt":{"rendered":"

Starting in September and continuing for the next seven consecutive meetings until July 2025, the Federal Reserve will reduce the key rate eight times by 25 basis points each, totaling a 2% decrease. This was stated by Citi analysts, according to Fortune. Subsequently, the regulator will maintain the key rate at 3.25% until the end […]<\/p>\n","protected":false},"author":1,"featured_media":15059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1622,1249,1440,1224,1138],"class_list":["post-15060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-citi","tag-federal-reserve-system","tag-jerome-powell","tag-macroeconomics","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=15060"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/15059"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=15060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=15060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=15060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}