Citigroup interest rate strategists said that the Federal Reserve should stop cutting interest rates. This is a further departure from the bank's economists' views. The latter insisted on this view long after others on Wall Street abandoned their expectations of cutting interest rates by 50 basis points in December. “We think the Federal Reserve should put aside the easing policy unless the non-farm payrolls data released in December weakens,” strategists Jabaz Mathai and Alejandra Vazquez said in the November 22 report, referring to the November non-farm payrolls report scheduled to be released on December 6. Even if new jobs are weak, “it can be said that other labor market data, such as the number of people claiming unemployment benefits, shows that the market is resilient.”

Citigroup interest rate strategists said that the Federal Reserve should stop cutting interest rates. This is a further departure from the bank's economists' views. The latter insisted on this view long after others on Wall Street abandoned their expectations of cutting interest rates by 50 basis points in December. “We think the Federal Reserve should put aside the easing policy unless the non-farm payrolls data released in December weakens,” strategists Jabaz Mathai and Alejandra Vazquez said in the November 22 report, referring to the November non-farm payrolls report scheduled to be released on December 6. Even if new jobs are weak, “it can be said that other labor market data, such as the number of people claiming unemployment benefits, shows that the market is resilient.”