News list for "Barclays says we"
Fed unlikely to cut rates by 50 basis points in September
Barclays said we now expect the Federal Reserve's FOMC to cut rates three times this year by 25 basis points each in September, November and December. We assume the labour market will show continued resilience in the August report and the unemployment rate will stop rising. Based on this assumption, we currently believe a 50 basis point cut in September is unjustified. However, if the unemployment rate rises further, then it will raise concerns that the labour market is cooling faster than expec...
2024-08-04 08:09:41
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