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Fortune

Jason Ma

The Fed could slash rates by 200 points over 8 meetings as the economy signals a sharper downtrend, Citi says

US Federal Reserve Citi Economy Andrew Hollenhorst Jerome Powell

Jerome Powell holds out hands (Credit: Chip Somodevilla—Getty Images)

Get ready for a bonanza of rate cuts from the Federal Reserve that starts in a few months and extends all the way into next summer, according to analysts at Citi Research.

In a note on Friday, the bank cited fresh signs of a slowing economy for its view that the Fed will trim rates by 25 basis points eight times, starting in September and extending to July 2025.

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