(Reuters) – Citigroup on Wednesday forecast the U.S. Federal Reserve to deliver a 25 basis-point rate cut in June compared to a prior estimate of July.
This would take the policy rate to 4.25% compared to a prior forecast of 4.5%.
The brokerage now expects a 125 bps of total rate cuts in 2024 compared to its earlier forecast of 100 bps.
(Reporting by Reshma Rockie George in Bengaluru)
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