Citigroup sees a 25 bp rate cut in September down from 50 bps prior to CPI

Citigroup now sees a 25 basis point rate cut in September down from 50 basis points prior to the CPI (and post the US jobs report last Friday). The CPI data did not do it.

Although their expectations for September have been tempered, they still expect 50 basis point cuts in November and December.

This article was written by Greg Michalowski at www.forexlive.com.