2026-09-04 23:07:14
Citi Delays Fed Rate Cut Forecast to June 2027 After Strong August Jobs Report
Citi has pushed back its forecast for the Federal Reserve's first rate cut to June 2027, up from an earlier projection of October 2026, after stronger-than-expected U.S. employment data in August. The U.S. economy added 162,000 nonfarm jobs in August, exceeding market expectations, while the