Citi: The Federal Reserve will start cutting interest rates consecutively from September, for a total of eight times.

Wu learned that according to Fortune, analysts at Citigroup Research predict that the Federal Reserve will begin significant rate cuts in the coming months, continuing until next summer. It is expected that the Fed will start in September this year, reducing the rate by 25 basis points eight times consecutively, accumulating a total reduction of 200 basis points by July 2025, lowering the benchmark interest rate from the current 5.25%-5.5% to 3.25%-3.5%. Citigroup pointed out that signs of economic slowdown and weakening inflation, along with rising unemployment rates and negative shifts in the service sector index, all increase the risk of a sharp decrease in economic activity and a faster pace of rate cuts.