Citi: Fed to hold rates in October and December, cuts seen from June
- —Citi forecasts the Fed will hold rates at the October and December FOMC meetings
- —The pause is meant to assess the impact of the latest hike on the economy and inflation
- —Rate cuts are expected no earlier than June next year if price growth keeps slowing
Why it matters: A Fed pause eases pressure on risk assets including crypto, but cuts only a year away cap upside for now.
Source: Bloomingbit