Barclays Expects Two More Fed Rate Hikes
Barclays expects the Federal Reserve to raise interest rates twice this year following hawkish comments from Chair Kevin Warsh. The brokerage reversed its prior view after Warsh signaled that further tightening may be necessary.
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BARCLAYS PLC expects the United States central bank to raise interest rates by 25 bps in September and December after Chair Kevin Warsh signaled a hawkish shift on Friday morning. The revised outlook reverses the brokerage's prior expectation that rates would remain unchanged through the remainder of the year. Investors are repricing monetary policy paths as policymakers prioritize stubborn inflation over earlier expectations of monetary easing.
