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The bank had previously expected cuts in October and December 2026 and January 2027, but a stronger-than-expected August jobs report changed its outlook
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Citigroup $C delayed its expectation of when the Federal Reserve will next cut interest rates, now projecting June 2027, after a stronger-than-expected August jobs report suggested the labor market is healthy enough to remove pressure on the central bank to ease policy in the near term, according to Reuters.
Citigroup had been forecasting reductions in October and December 2026 and January 2027; it has replaced those calls with three cuts spread across June, September, and December of next year.
