ICYMI – Citi forecasts a July Federal Reserve rate cut instead of in June

Citigroup economists have moved their forecast for the next Federal Open Market Committee (FOMC) rate cut to July, from June.

In the wake of the announcement that the US will reduce its 145% tariff rate on Chinese goods to 30% for 90 days

Citi expects cuts at each meeting between July and January, totalling 125 basis points.

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This call from Citi is very much at odds with that from Goldman Sachs:

• Goldman Sachs expect a Federal Reserve rate cut now in December, instead of in July

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This article was written by Eamonn Sheridan at www.forexlive.com.