ChainCatcher News: Citigroup Maintains 125bps Rate Cut for 2023

According to Jin10, Citigroup maintains its forecast for a 125 basis point rate cut from the Federal Reserve this year. Additionally, the bank expects another 25 basis point rate cut in 2025, pushing the terminal rate to a range of 3%-3.25%.

Other Wall Street investment banks, such as Macquarie and Deutsche Bank, are also maintaining their expectations of two more 25 basis point rate cuts from the Federal Reserve this year. The Morgan Stanley team, including economist Seth Carpenter and strategist Matthew Hornbach, has stated that officials may opt for a series of conventional rate cuts (25 basis points) before mid-2025, with two cuts this year and four cuts in the first half of next year.