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Odaily Planet Daily News According to the Citigroup economist team led by Andrew Hollenhorst, loose labor market will alleviate the inflationary pressure on the service industry, and the weak global situation will suppress commodity prices. This will lead to the Fed taking aggressive action, expecting to cut the federal funds Intrerest Rate by 25 basis points at every meeting before July next year, bringing the federal funds Intrerest Rate to between 3% and 3.25%. This is much lower than market expectations, which predict the federal funds Intrerest Rate to reach by then.