News list for "Barclays Economics"
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 economists adjusted their forecasts for Fed policy based on June inflation data and a gradual cooling in the labour market this week, and now see a second rate cut in December on top of September's cut. "We also believe that the FOMC's growing belief in the restrictive stance of monetary policy should further persuade the FOMC to cut rates in September and December," Barclays economists Marc Giannini and Jonathan Millar said in a research note.
