Citi on the FOMC minutes

  


Citi on the FOMC minutes – Citi expect an October and (probably) December cut



Citi comments on the Federal Open Market Committee September policy meeting minutes out earlier.

via Bloomberg 

  • Citi says they expect a rate cut from the Fed this month
  • then probably at least one more cut in December … or later

On the US dollar

  • Fed outlook is not a major headwind for the USD
  • the Fed will continue to react to incrementally weak data

Further on the FOMC:

  • committee is currently divided, which makes it “slightly more hawkish”

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