[Citi: Fed Expected to Hold Rates Steady in October and December, Resume Rate Cuts in June 2027] BlockBeats News, September 17, Citi released a research report stating that the Federal Reserve's 25 basis point rate hike is expected to be followed by relatively moderate month-on-month increases in core inflation in the coming months, which may surprise Fed officials. Economic growth is also not expected to accelerate significantly, leading Citi to predict that the Fed will keep rates unchanged in October. Contrary to Chair Walsh's description of the labor market, recent moderate hiring growth and low unemployment rates are primarily due to a rapid decline in labor force participation, which does not equate to an acceleration in labor demand. The bank expects the Fed to wait for more data after October to assess the impact of the 25 basis point rate hike on policy rates, and then hold rates steady again in December. By then, a series of more moderate inflation data should provide sufficient evidence that inflation is slowing, supporting the Fed's decision to maintain rates. With inflation continuing to cool, Citi predicts the Fed will resume rate cuts in June 2027.