Citigroup pushes back its Fed rate cut timeline in which it now sees Fed cutting rates in September, October, and December vs prev. forecast for cuts in June, July, and September

Citigroup's revision of its Fed rate cut timeline signals a more cautious stance on monetary easing, shifting cuts from mid-year to the fall. This adjustment suggests they expect a slower deterioration in economic conditions than previously anticipated, which could also temper expectations for a weaker USD. Traders should watch for how this might influence market sentiment across fixed income and forex, particularly in reaction to upcoming economic indicators.