homeeconomy NewsDon't expect US Fed to cut rates before July next year: Citi's Robert Sockin

Don't expect US Fed to cut rates before July next year: Citi's Robert Sockin

The Global Economist at Citi said although it is uncertain when the interest rate cuts in the US will begin, he expects it to be deeper than the Fed's guidance.

By Prashant Nair   | Nigel D'Souza   | Sonia Shenoy  Dec 14, 2023 2:44:23 PM IST (Updated)

2 Min Read
Robert Sockin, Global Economist at Citi does not anticipate any rate cuts in the US until July next year.
Sockin says although there is uncertainty around when the rate cuts start, he expects the cuts to be deeper than the Fed is guiding.
"...it's entirely possible, given Fed Chair Powell’s (recent meeting) communication, if the data continues to cooperate, then the Fed starts easing early next year,” he said.