Citicorp maintains its interest rate reduction forecast after the Fed is unarmed

On 30 July, Citi Economists Andrew Hollenhorst and Veronica Clark wrote in a report to clients that, after Wednesday officials maintained interest rates unchanged, Citi still insisted on its judgement that the Fed would lower interest rates later in the year. Citi still expects unemployment to rise in the coming months, which has contributed to the Federal Reserve ' s interest rate decline in October, December and January。