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.
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