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Barclays economists have moved up their estimate for the start of the Federal...

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Post time 23-1-2024 06:49:26 | Show all posts |Read mode
Golden Finance reported that Barclays economists anticipate, based on this week's inflation data, that the Federal Reserve will start cutting interest rates earlier than previously thought, with a projected start time in March instead of their earlier estimate of June. "Given the recent progress on inflation, we believe the FOMC will feel comfortable cutting rates without needing to see a substantial weakening of the economy or labor market," wrote Marc Giannoni and Jonathan Millar in a research note on Friday. As before, they expect the Fed to cut rates by 25 basis points at every other meeting. The forecast is contingent on the "economy slowing gradually" and the unemployment rate slightly above the Fed's long-term estimate (3.5%-4.3% as of December).
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Post time 23-1-2024 12:44:51 | Show all posts
There seems to be a significant advancement in this early projection.
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Post time 23-1-2024 17:50:03 | Show all posts
I'm not sure why they need to move up the timeline so much.
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Post time 23-1-2024 20:47:56 | Show all posts
This might still have some notable impact.
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Post time 24-1-2024 07:09:02 | Show all posts
I'm skeptical about what economists are saying.
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