According to Odaily Planet Daily, Citigroup predicts that the Federal Reserve will cut interest rates by 50 basis points in September and November. Another investment bank, Goldman Sachs, believes that if the August non-farm payrolls report also records a weak performance and confirms the slowdown in employment growth, then the possibility of a 50 basis point rate cut in September cannot be ruled out.
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Citigroup predicts the Fed will cut interest rates by 50 basis points in September and November
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