Barclays Expects No Federal Reserve Rate Cuts in 2026
Barclays cited high energy prices from the Iran war as a risk to inflation. It previously forecast a September cut but now expects no policy easing this year.
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BARCLAYS PLC scrapped its forecast for a 25-basis-point interest rate cut in the United States for 2026 on Monday morning. The United Kingdom brokerage previously expected a quarter-point reduction in September 2026 but now sees no policy easing this year. Prolonged energy costs linked to the war in Iran threaten to keep inflation above the 2% target through December.
