Citigroup economists downgradedgalaxyarcadegameThe Federal Reserve cut interest rates this yeargalaxyarcadegameThe previous basic inflation data released on Friday was higher than the bank's expectations.
They currently predict that the Federal Reserve will cut interest rates by 100 basis points starting in July this year, compared with previous forecasts of cutting interest rates by 125 basis points starting in June.
"Given that there was only one single month of inflation data for April before the Federal Open Market Committee's June meeting, officials may have to wait until July to gain 'greater confidence' that inflation is slowing," Citigroup Veronica Clark, Andrew Hollenhorst and Alice Zheng wrote in a report.
Although core personal consumption expenditure price data for March was rounded in line with market expectations, Citi said it rose 0.0% month-on-month in March.galaxyarcadegame.32% is higher than the bank's forecast of 0galaxyarcadegame.26%。