Citi Chief US Economist Defends Unpopular Fed Rate-Cut Call (opens original article in a new tab)

Citigroup's Andrew Hollenhorst defends the Fed's potential rate cuts this year, citing a weakening labor market and falling oil prices, despite Wall Street's expectation of hikes.

• Citigroup's Andrew Hollenhorst predicts Fed will cut interest rates this year despite Wall Street's expectation of hikes.
• Hollenhorst cites weakening labor market and easing oil prices as reasons for potential rate cuts.
• Brent oil prices fell below $80 a barrel, reducing inflationary pressure and giving the Fed more flexibility.