Citi Says Wall Street Is Wrong To Slash Fed Rate-Cut Bets

Bloomberg

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Mixed Factuality

Individual: Michael Bloomberg

Private Equity: The Vanguard Group

Citi Says Wall Street Is Wrong To Slash Fed Rate-Cut Bets

(Bloomberg) -- Economists at Citigroup Inc. are going out on a limb by wagering that virtually everyone on Wall Street is wrong about the Federal Reserve.After three straight months of slightly faster-than-expected inflation readings, rivals at Bank of America Corp., Goldman Sachs Group, Morgan Stanley, and other banks have dialed back their forecasts for interest-rate cuts this year. Chair Jerome Powell lent support to those moves on Tuesday, w…