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Citigroup Predicts 75 Basis Points Rate Cuts Amid Job Gains

4/6/2026

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Summary

Story summary

Citigroup now expects 75 basis points of Federal Reserve rate cuts in September, October, and December, after unexpectedly strong U.S. job gains and ongoing inflation risks.
In March, job growth exceeded expectations due to the end of a healthcare workers' strike and improved weather.
Citigroup cautions that rising risks from the war with Iran could weaken hiring and raise the unemployment rate in the summer.

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Story summary

Citigroup now expects 75 basis points of Federal Reserve rate cuts in September, October, and December, after unexpectedly strong U.S. job gains and ongoing inflation risks.
In March, job growth exceeded expectations due to the end of a healthcare workers' strike and improved weather.
Citigroup cautions that rising risks from the war with Iran could weaken hiring and raise the unemployment rate in the summer.