Citigroup moved its US rate cut forecast to September from Julyexpects three cuts this year instead of fourexpects 75bp of rate cuts this year instead of 100expect a 25bp rate cut in each of September, October and Decemberforecasts two rate cuts of 25 bps each in January and March of 2026---Maybe its just me, but 75bp of Federal Reserve rate cuts in the next 5.5 months seems unlikely. This article was written by Eamonn Sheridan at www.forexlive.com.