Reported about 19 hours ago
Barclays has adjusted its forecast for the U.S. Federal Reserve, now expecting two rate cuts this year due to softer labor market conditions and trade uncertainties. The brokerage predicts quarter-point cuts in June and September, reflecting slower growth and a rising unemployment rate, anticipated to peak at 4.3% in October. Barclays has also revised its 2025 growth projections downward and indicated that after the September cut, the Fed may pause until March 2026.
Source: YAHOO