Barclays economists adjusted their forecasts for Fed policy based on June inflation data released this week and a gradual cooling in the labour market. They now believe the Fed will cut interest rates for a second time in December, on top of September's cut.
Marc Giannini and Jonathan Millar, economists at Barclays, said in a research note: "We also believe the FOMC's growing belief in the restrictive stance of monetary policy should further persuade it to cut rates in September and December."
Barclays lifts Federal Reserve easing forecast, expects two rate cuts in 2024
2024-07-13 01:32:53
Barclays Economics Economist based on weekly release United States inflation data labor forcedesk3cryptocurrencydesktopCrypto News
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