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Thursday, October 22, 2026 · UTC
Finance

Citi delays forecast for Federal Reserve rate cuts to June 2027 after strong August jobs report

Citi pushed its forecast for the Fed's next rate cut back to June 2027, citing a stronger-than-expected August jobs report.

TruthFoundry News Desk
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Stands on 7 placed sources from 2 publishers.
As of 2026-09-05 11:38 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
In early September 2026, Citi economists Andrew Hollenhorst and Veronica Clark pushed the bank's forecast for the next Federal Reserve interest-rate cut back to June 2027, after the August 2026 U.S. employment report. [1][3][4][5][6] The August 2026 U.S. jobs report showed employers added 162,000 jobs, well above the 56,000 economists had forecast, while the unemployment rate held at 4.1% and labor-force participation rebounded. [2][7]
Proof7 sources · 2 publishers
What this stands on
  1. In early September 2026, Citi economists Andrew Hollenhorst and Veronica Clark pushed the bank's forecast for the next Federal Reserve interest-rate cut back to June 2027, after the August 2026 U.S. employment report. · Investing.com
  2. The August 2026 U.S. jobs report showed employers added 162,000 jobs, well above the 56,000 economists had forecast, while the unemployment rate held at 4.1% and labor-force participation rebounded. · Investing.com
  3. Citigroup moved its forecast for the Federal Reserve's next interest rate cut to June 2027 from later this year, citing Friday's jobs report that showed continued strength in the U.S. labor market. · Investing.com
  4. In September 2026, Citi revised its forecast for Federal Reserve rate cuts, moving its expected first cut from late 2026 to June 2027, after stronger-than-expected US August 2026 nonfarm payrolls. · Ekonomim
  5. Citi now expects three 25-basis-point Federal Reserve rate cuts in June, September and December 2027, abandoning its earlier plan for cuts in October and December 2026 and January 2027. · Investing.com
  6. Citi now expects the Federal Reserve to implement three 25-basis-point rate cuts in 2027, in June, September, and December. · Ekonomim
  7. US nonfarm payrolls increased by 162,000 in August 2026, exceeding expectations, while the unemployment rate held steady at 4.1%. · Ekonomim
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