Citi: Fed Expected to Hold Rates Steady in October and December, Resume Rate Cuts in June 2027

Odaily News: Citi expects the Federal Reserve to hold rates steady in October and wait for more data to assess the impact of a 25 basis point policy rate hike, then stay put again in December, when a series of milder inflation readings should provide sufficient evidence that inflation is slowing, supporting the Fed in keeping rates unchanged once more. As inflation continues to cool, Citi expects the Fed to resume rate cuts in June 2027.