GeneralNeutralBlockonomi · 4h ago7/10
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Wall Street Banks Push Fed Rate Cut Expectations to Fall Amid Robust Economic Data
Wall Street banks are pushing back expectations for Federal Reserve rate cuts following stronger-than-expected economic data. Citigroup has delayed its rate cut forecast to September after March jobs data exceeded estimates, while JPMorgan's CEO Jamie Dimon warns that geopolitical risks could keep interest rates elevated longer.