The brokerage cited softer-than-expected October employment data and dovish Fed commentary for the forecast push to next year. The Labor Department's...
- Barclays said it now expects the U.S. Federal Reserve to deliver a 25 basis point interest rate increase in January instead of an earlier expectation for a December hike.
"We continue to think the FOMC will need to proceed with additional tightening and will have to maintain a higher rate path than expected by the market, with no rate cut prior to September 2024," economists at Barclays said in a note dated Nov. 3.
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