Fed Could Slash Rates by 200 Points Over 8 Meetings, Citi Analysts Predict Citi Research analysts predict an aggressive series of interest rate cuts by the Federal Reserve, starting in September 2024 and continuing through July 2025. They anticipate eight consecutive 25 basis point cuts, totaling a 200 basis point reduction, which would lower the benchmark rate from 5.25%-5.5% to 3.25%-3.5%. This forecast is based on recent economic indicators suggesting a slowdown, including a reversal in the service sector gauge and rising unemployment. Citi cites dovish comments from Fed Chair Powell and various signs of economic weakness, particularly in the job market, as supporting their prediction. They also warn of the potential for a sharper economic downturn and the possibility of triggering the “Sahm Rule” recession indicator if unemployment continues to rise at its current pace. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold's Record-Breaking Rally: Beyond Economic Indicators READ MORE Tether Launches a New Gold-Backed Dollar-Tracking Token READ MORE Gold: A Surge Toward $2,400 Looks Imminent READ MORE Central Banks' Gold Reserves Grow for Ninth Month Despite Slowdown READ MORE Gold Soars to New Heights as Fed Rate Cut Hopes Intensify READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment