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Barclays Continues to Predict 25 Bps Rate Cuts by Fed in Nov & Dec w/ 3 More Cuts Next Yr
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The Barclays research team released a research report on the minutes of the September US Federal Open Market Committee (FOMC) meeting. The September meeting minutes showed all FOMC members unanimously agreed that a rate cut in September was an appropriate decision, according to the report. Among them, "a vast majority of members supported" a 50 bps cut, even though this was not consistent with the dot plot in the latest economic forecast summary. The dot plot indicated that nearly half of the FOMC members believed the rate cuts this year should not exceed 75 bps. Based on this FOMC meeting minutes, Barclays maintained its previous baseline forecast that the Fed will cut rates by 25 bps in both November and December, and three more rate cuts will take place in 2025, specifically in March, June, and September, each time by 25 bps to bring the rate down to a target range of 3.5-3.75% by the end of 2025. AAStocks Financial News |
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