Barclays on the FOMC - 25bp cut in July, more to come by end of 2019

Author: Eamonn Sheridan | Category: Central Banks

Scanning through some of the late week info from via banks, this via Barclays, in brief:

  • Powell's testimony was dovish, surprisingly so
  • Increases confidence on 25 bp cut to come this month
  • two more 25bp cuts to come by the end of the year

No surprise from Barclays on the July forecast, this is consensus. A further 50bps to come by year end is a bit of an eyebrow raiser though. 

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