Citi Analysts Predicts 1.25% Fed Rate Cut After US CPI Inflation Data

Quick Summary:

While a flurry of experts has trimmed their bets towards a 125 bps rate cut in 2024, CITI appears to have remained stuck to the more dovish stance by the central bank.

The recent US CPI inflation data has fueled discussions over the potential Fed rate cut in September.

The financial markets are closely monitoring the forthcoming US PPI inflation data, which could provide additional insights into inflationary pressures.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: IndiaSaudi Arabia

Topics: Fed rate cuts 24/7 Cryptocurrency News CITI Group US CPI FOMC Meeting

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 21:45:35 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 411 words

Reading Time: 3 minutes read

Sentences: 43 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22463776

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