Barclays raises Fed easing expectations, expects two rate cuts in 2024
Barclays economists have adjusted their forecasts for Fed policy based on U.S. inflation data for June released this week and the gradual cooling of the labor market. They now think the Fed will make a second rate cut in December on top of the September cut. "We also think the FOMC's growing conviction that the monetary policy stance is restrictive should further convince the FOMC to cut rates in September and December," Barclays economists Marc Giannini and Jonathan Millar said in a research note.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Yelooo Integra Datanet corrects July securities holders registration report
Cakra Buana Resources Energi shareholder Republik Capital cuts stake to 9.3% from 11.3%
Preferred shares of South Korean companies are trading at a record 45% discount in ten years; Samsung's 110 trillion won buyback plan may help eliminate the "Korea discount"
Samsung Electronics' highly anticipated stock buyback plan is raising investor expectations that the South Korean giant will purchase non-voting preferred shares, narrowing their deep discount and setting a precedent for other companies.
Crypto prices
More
