Citi Trims Fed Bet for 2024, Still Sees Multiple Rate Cuts [Financial Post (Toronto, Ontario, Canada)]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Citigroup Inc. dialed back expectations for Federal Reserve interest-rate reductions on Friday, while remaining among the most dovish forecasters on Wall Street. Following the release of an inflation gauge that increased more than the bank's economists expected, they predicted 100 basis points of Fed easing this year beginning in July, compared with a previous forecast of 125 basis points beginning in June. Article content Article content Forecasters at most other banks had already abandoned calls for Fed rate cuts before the second half of the year, with some — including those at Bank of America Corp. and Deutsche Bank AG — looking for a first move in December. At the start of the year, calls for at least 100 basis points of easing in 2024 were common, based on expectations that 11 rate increases over the past two years would lead to an economi
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C
Earnings
- 4/12/24 - Beat
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Sec Filings
- 5/6/24 - Form 424B2
- 5/6/24 - Form 424B2
- 5/6/24 - Form 424B2
- C's page on the SEC website