Citi Delays First Fed Rate Cut Forecast to June 2027, Bitcoin Slips Below $80K
- —Citi now expects the first Fed cut in June 2027, followed by September and December
- —US employers added 162,000 jobs in August versus 53,000 expected; unemployment held at 4.1%
- —Bitcoin dropped below $80,000 after the report, down about 1.5% on the day
- —Spot Bitcoin ETFs recorded $433 million in net inflows on September 18
Why it matters: A longer stretch of high rates pressures Bitcoin and risk assets, though ETF inflows are partially offsetting the bearish macro backdrop.
Source: DiarioBitcoin