Barclays count on 3 FOMC charge cuts in 2024 (vs. prior one)

Barclays have revised their projections for Federal Reserve charge cuts subsequent yr:

• count on the primary 25bp charge lower in June, with two extra to observe
• had beforehand been anticipating one lower subsequent yr, in December

JPM and Soc Gen have already piled in:

• 175bp of rate cuts forecast from the Federal Open Market Committee (FOMC) in 2024

This text was written by Eamonn Sheridan at www.forexlive.com.