Barclays: Fed Rate Cut a Done Deal, but Future Policy Path Still Uncertain

BlockBeats News, September 15th: The market widely expected the Fed to cut interest rates by 25 basis points this week, but there is still uncertainty about the guidance direction after the policy is implemented.

Barclays' Chief U.S. Economist, Marc Giannoni, stated that against the backdrop of inflation data remaining mild, the FOMC will judge that the downside risks to achieving the employment target are increasing.

He added that the Fed's economic projections report has seen little change, but the dot plot will show three rate cuts this year (25 basis points each), one rate cut in 2026 and 2027 each, and the median forecast for long-term rates remains unchanged at 3.0%. (FXStreet)