Citi (C) expects the Fed to deliver first rate cut of the year in April (prev. March), following jobs data

Citi (C) expects the Fed to deliver first rate cut of the year in April (prev. March), following jobs data.

Citi's expectation of a rate cut in April, pushed back from March, reflects their interpretation of recent jobs data impacting Fed policy. This may indicate a more cautious approach from the Fed, potentially affecting the USD's strength and influencing fixed income markets. Traders should watch for how this sentiment aligns with market expectations and any subsequent shifts in the rate path leading up to the next FOMC meeting.