ICYMI – CEO of Barclays says near the end of the FOMC hiking cycle

Barclays is beginning its cycle of slashing jobs, Chief Executive Officer C.S. Venkatakrishnan was probably relieved to be speaking about something else. Headline comments from Monday ICYMI:

  • ‘We are near the end’ of the Fed’s monetary actions
  • Underlying economic
    trends in the US are healing

And, on the UK:

  • UK economy is ‘some
    months behind’ the US

ps. We’ll get some substantial info out of the UK on Tuesday, jobs data for July:

uk jobs data 12 September 2023

This article was written by Eamonn Sheridan at www.forexlive.com. Source