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Citigroup pushes Fed rate-cut forecast to 2027 after strong US jobs report

Citigroup has delayed its forecast for the next Federal Reserve interest-rate cut to 2027, citing a robust US jobs report that suggests the central bank will keep borrowing costs higher for longer.

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Citigroup has delayed its forecast for the next Federal Reserve interest-rate cut to 2027, citing a robust US jobs report that suggests the central bank will keep borrowing costs higher for longer.