Citigroup: The Federal Reserve may cut interest rates up to 5 times this year.

ChainCatcher news, Citibank predicted on Monday that by June the U.S. economy will show clear signs of weakness, prompting the Federal Reserve (FED) to make its first interest rate cut this year, possibly cutting rates up to five times. Economists at Citibank stated that Federal Reserve (FED) officials will focus more on the health of the economy and labor market rather than inflation. Citibank wrote: We expect a series of data to make Federal Reserve officials more dovish before June. This leads us to believe that the risks are tilted towards faster and/or larger rate cuts. Currently, Citibank indicates that by the end of 2025, the key federal funds rate is expected to decrease from the current range of 4.25% to 4.5% to a range of 3% to 3.25%.