CITIGROUP EXPECTS FED TO DELIVER 25 BPS RATE CUTS IN MARCH, JULY AND SEPTEMBER EACH VS PRIOR FORECAST OF CUTS IN JANUARY, MARCH AND SEPTEMBER THIS YEAR

Jan 9 (Reuters) - Brokerage Citigroup said on Friday it expects the U.S. Federal Reserve to keep interest rates unchanged at its January monetary policy meeting and deliver quarter-point cuts in March, July and September following the December nonfarm payrolls data.

"Fed officials' concerns around the labor market should remain, in our view, given very soft job growth, but the lack of further weakening should keep policy rates on hold this month," the brokerage said in a note.

(Reporting by Kanchana Chakravarty in Bengaluru; Editing by Krishna Chandra Eluri)

((Kanchana.Chakravarty@thomsonreuters.com;))

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