> Citi sees first Fed rate cut in July

Citi sees first Fed rate cut in July

The firm had previously forecast the Fed to begin cutting rates in June

Monday, 29/04/2024 | 11:02 GMT-0

As for the entirety of the year, Citi sees the Fed delivering 100 bps worth of rate cuts in total. For some context, Fed funds futures are showing the odds of a July rate cut to be at ~34% currently. And only ~36 bps worth of rate cuts priced in for 2024.