Fed unlikely to 'skip' cutting rates in November: Citi
Investing.com -- Citi analysts said in a note Tuesday that the Federal Reserve is unlikely to skip rate cuts during its November meeting, despite recent labor market data that might have caused some market participants to reconsider their expectations.
Citi expressed skepticism about the sustainability of recent job growth, indicating that the surge in government employment may not continue. Citi predicts that even in the face of stronger inflation, Fed officials are likely to pursue a strategy aimed at returning interest rates toward neutral levels. They believe that a minimum rate cut of 25 basis points will be warranted in November, stating,
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