Summary
- Global investment bank Barclays has reported that the U.S. Federal Reserve (Fed) is now expected to start cutting interest rates in September instead of the previously projected December.
- Barclays stated that the Fed is expected to begin interest rate cuts starting in September.
- This adjustment brings the timeline three months earlier than previously anticipated.
On the 22nd (local time), according to the economic news account Walter Bloomberg, global investment bank Barclays forecasted that the U.S. Federal Reserve (Fed) would begin cutting interest rates starting in September.
Barclays had previously expected the Fed to cut rates starting in December, but revised its outlook, bringing it forward by three months.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
