Via Reuters info:
- Barclays expects the U.S. Federal Reserve to deliver a 25 basis point interest rate increase in January 2024
- earlier had expected a rate hike in December 2023
Cited
- softer-than-expected October employment data
- dovish Fed commentary
"We continue to think the FOMC (Federal Open Market Committee) 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"
