Citigroup expects Fed to remain on hold in January after jobs data

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.