"That would be part of the rationale for the committee now planning to slow the pace of rate cuts," the Citi team wrote. The Fed reduced the policy rate by a full percentage point over its last ...

"By design, Powell provided little in the way of new information at this FOMC meeting," economists at Citi wrote in a note to ...

Economic uncertainty has been further fuelled by expectations of tax cuts, broad tariffs on imports, and mass deportations of undocumented immigrants, which economists warn could drive inflation ...