Citi on the FOMC, 25 bp cut this month and another by year end

Author: Eamonn Sheridan | Category: Central Banks

The 25 basis point interest cur from the Fed (July 31) is baked in.

I posted earlier on Barclays who are calling another 50bps to follow soon:
Citi, on the other hand, are
  • 25 in July (and say 50 is a "real possibility")
  • 25 by end 2019
Citi see an increased downside risk for the US economy …. but acknowledge:
  • that view is clearly not shared by Chair Powell
  • July … a 25 basis point cut is likely to provoke two or more dissents, 25 basis points may be the compromise policy outcome
  • Following … one additional 25 basis point cut, most likely in September


ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose