Barclays forecast an Federal Open Market Committee (FOMC) January rate hike (Dec prior)

Via Reuters info:

  • Barclays expects the U.S.
    Federal Reserve to deliver a 25 basis point interest rate
    increase in January 2024
  • earlier had expected a rate hike in December 2023


  • softer-than-expected October employment
  • dovish Fed commentary

“We continue to think the FOMC (Federal Open Market
Committee) will need to proceed with additional tightening and
will have to maintain a higher rate path than expected by the
market, with no rate cut prior to September 2024”

This article was written by Eamonn Sheridan at Source