Scanning some notes, and seeing a bit of a bandwagon effect gathering pace on Federal Reserve views
JP Morgan predict:
- 25bp rate cut in September
- 25 bp rate cut in December
Barclays
- predict a 50bp rate rut in September
- then another 25 bp cut by the end of 20198
NatWest:
- say that the Fed will act to stimulate the economy due to trade tensions, other negative factors
- say damage to business confidence could be lasting
- September and October cuts forecast
Oh, ps. I think there are oms4ehitng like 16 speeches coming up from Federal Reserve officials in coming days, ahead of the blackout period. The next FOMC meeting is June 18 & 19.