Barclays, BNP Paribas shift predictions to a September Fed rate cut
Barclays and BNP Paribas expect the Fed to cut interest rates by 25 basis points in September, citing a shift in Fed Chairman Powell's attitude towards rising risks in the job market at the Jackson Hole meeting. Barclays now expects two 25 basis point rate cuts in September and December this year, saying Powell's speech introduced a "dovish bias" and raised the threshold for not cutting rates. BNP Paribas has also changed its long-standing view of the Fed staying put, predicting rate cuts in both September and December. "Powell clearly stated that the Fed intends to make 'fine-tuning' rate cuts in September, unless data indicates otherwise."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin price fills CME gap, but '$240M market dump' stops a $104K rebound
$RAVE unveils tokenomics, igniting the decentralized cultural engine of global entertainment
$RAVE is not just a token; it represents a sense of belonging and the power of collective building. It provides the community with tools to create together, share value, and give back influence to society.
Interpretation of the ERC-8021 Proposal: Can Ethereum Replicate Hyperliquid's Developer Wealth Creation Myth?
The ERC-8021 proposal suggests embedding builder code directly into transactions. Along with a registry, developers can provide wallet addresses through the registry to receive revenue.
ADP data sounds the alarm again: US companies cut 11,000 jobs per week
The government shutdown has delayed official employment data, so ADP data has stepped in to reveal the truth: in the second half of October, the labor market slowed down, and the private sector lost a total of 45,000 jobs for the entire month, marking the largest decline in two and a half years.
Trending news
MoreCrypto prices
More
