🚨Citi says the Fed will deliver another 50bp cut in November 🏦
Citi strategists predict the Federal Reserve will cut interest rates by another 50 basis points in November, depending on upcoming economic data, particularly the next jobs report. Currently, jobless claims are low, but attention is shifting to employment data from PMI reports and core PCE inflation figures, due on Friday. The Fed's previous 50 bp cut was seen as a strong signal of its readiness to support the economy if necessary. Citi projects mild inflation, keeping the focus on labor market trends, including a slowing hiring rate and weaker payroll growth, which could push the Fed toward further cuts.
#KVB# #Citibank# #Fed# #Fedcuts# #USFederalReserve# #PMI# #FlashNews# #BrokerNews#
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