Barclays Pushes Its Fed Liftoff Call To March 2016

Twas many, many hours ago ... Ryan gave us the heads up here: Barclays now predict the Fed will raise rates in Mar 2016 from Sep 2015

eFX have filled in more details:

Barclays Capital moved its call for the first Fed rate hike from September 2015 to March 2016.

"Given the uncertainty around the current global outlook, the timing of the rate hike seems more uncertain than usual. Should this episode of financial market volatility prove transitory, the FOMC could raise rates in December. On the other hand, if the volatility proves durable or reveals greater than expected weakness in global activity, the FOMC may push the first rate hike beyond March," Barclays argues.

"We see a delay past mid-2016 as a relatively low probability at this point given our views on US labor markets. The US has proven durable to shocks emanating from emerging markets in the past, and we believe the current bout of uncertainty to be less pronounced than the successive shocks from developed economies that rocked global markets in 2008, 2010, and 2010," Barclays adds