This is a news story, published by Fortune, that relates primarily to Citi Research news.
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first rate cutFortune
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81% Informative
Citi Research says the Federal Reserve will trim rates by 25 basis points eight times starting in September .
The bank cites fresh signs of a slowing economy for its view that the Fed will cut the benchmark rate by a whopping 200 basis points.
That will lower the rate from 5.25%-5.5% now to 3.25 - 3.5% , where they will remain for the rest of 2025 .
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