Fed's dovish turn may have backfired says Barclays, sees the central bank hiking in January
Analysts at Barclays took note of the easing financial conditions amid softer data and the Fed’s dovish pivot last week, which prompted a massive rally in risk assets.
“We retain our view that data momentum will force another hike, though we push back the timing to January.” “The Fed would need to affirm expectations of policy tightening in our baseline scenario, where activity remains resilient and disinflationary pressures remain sluggish.”
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