
The Federal Reserve's rate cuts are expected to start in September and end in July 2025, according to Citi Research analysts. They predict eight rate cuts of 25 basis points each, lowering the benchmark rate by a total of 200 basis points.

Citi Research predicts the Federal Reserve will trim rates by 25 basis points eight times, starting in September and extending to July 2025. This will lower the benchmark rate by 200 basis points, from 5.25%-5.5% now to 3.25%-3.5%.

The benchmark rate is expected to decrease by 200 basis points by July 2025, according to Citi Research. This would lower the rate from the current 5.25%-5.5% to 3.25%-3.5%, where it is expected to remain for the rest of 2025.