[Citi 2026 Investment Outlook: U.S. Growth Stocks Still Have Room to Grow, Fed Policy Rate May Drop Below 2.5%] Citi released its '2026 Global Investment Outlook,' presenting forecasts for key market indicators in 2026. For U.S. equities, growth stocks still have potential for performance, with an expected return of approximately 17% for S&P 500 growth stocks. Meanwhile, S&P 600 small-cap value stocks, which are relatively undervalued and exhibit cyclical resilience, are expected to deliver a return of up to 21%. In terms of interest rate policy, U.S. monetary policy still has room for easing, and the Federal Reserve may lower the policy rate to below 2.5% by 2026. The European Central Bank, on the other hand, is relatively conservative, expected to maintain its policy rate at the 2% level, at least through 2027.