Federal Reserve Anticipated To Cut Interest Rates In July 2024

According to BlockBeats, Citibank predicts that the Federal Reserve will cut interest rates in July 2024. The bank forecasts a total reduction of 100 basis points throughout the year. This move is expected to have significant implications for the economy, potentially stimulating growth and investment. However, it could also lead to inflationary pressures if not managed carefully. The Federal Reserve's decisions on interest rates are closely watched by investors and economists worldwide, as they can significantly impact global financial markets. The anticipated rate cut in July 2024 is therefore of great interest to many in the financial sector. Further details on the Federal Reserve's plans will be eagerly awaited.