Citigroup on Friday pushed its forecast for the Fed's first rate cut from October 2026 to June 2027 after August nonfarm payrolls beat expectations and the labor market remained broadly stable. The bank had previously penciled in three 25bp cuts in Oct and Dec 2026 and Jan 2027; it now expects 25bp cuts in June, Sept and Dec 2027.

2026-09-04

Citigroup on Friday pushed its forecast for the Fed's first rate cut from October 2026 to June 2027 after August nonfarm payrolls beat expectations and the labor market remained broadly stable. The bank had previously penciled in three 25bp cuts in Oct and Dec 2026 and Jan 2027; it now expects 25bp cuts in June, Sept and Dec 2027.