Barclays Expects Fed to Delay First Rate Cut to September
Barclays economists now expect the Fed to delay its first rate cut until September. The move follows rising inflation risks and geopolitical tensions in Iran.
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Economists at Barclays PLC have adjusted their forecast for monetary policy in the United States, now predicting that the Federal Reserve will delay its initial interest rate cut until September. This revision marks a shift from their previous expectation of a June start, as persistent price pressures and geopolitical tensions continue to influence the economic landscape.
