Citi: The Federal Reserve may cut interest rates by 50 basis points in November and December respectively.

Odaily Planet Daily News: Citigroup economists have abandoned their prediction of a 50 basis point rate cut by the Federal Reserve at the meeting next week, instead expecting a 25 basis point cut and maintaining the expectation of a total of 125 basis points cut this year. Economist Andrew Hollenhorst wrote in the report that the August CPI data released on Wednesday "may only be enough to convince the FOMC to cut interest rates by 25 basis points at next week's meeting, instead of 50 basis points." However, the labor market "will still be the policymakers' top concern," and we still expect a total reduction of 125 basis points this year, with cuts of 50 basis points each in November and December. Citigroup had previously predicted rate cuts of 50 basis points at the September and November meetings, and 25 basis points in December. (Golden Finance)