Reported about 1 month ago
Citi's senior economist Robert Sockin predicts that the Federal Reserve could implement 125 basis points in interest rate cuts this year, beginning with a likely 50 basis point reduction in September. This forecast follows the recent upward revision of GDP growth for the second quarter from 2.8% to 3%, indicating steady economic growth, although rising unemployment levels remain a concern for the Fed’s decisions.
Source: YAHOO