Citi are forecasting two 50bp interest rate cuts from the US Federal Reserve

Info via Bloomberg of jumbo-sized interest rate cuts to come from the Federal Open Market Committee (FOMC).

Citi were expecting a 50bp Fed Funds cut on September 18 but after the CPI data on Wednesday trimmed that back to now forecasting a 25bp rate cut:

• maintain their projection for 125bp of rate cuts by year end, which translates now to 50bp cuts on November 7 and 50 again on December 18

This article was written by Eamonn Sheridan at www.forexlive.com.