Citi: Predicts the Fed will cut interest rates by 50 basis points in September and November respectively.

Odaily Planet Daily News 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 shows a weak performance and confirms a slowdown in job growth, there is a possibility of a 50 basis point rate cut in September. (Jinshi)