Barclays has revised its Federal Reserve rate outlook and now expects two separate 25-basis-point increases, one in December and another in January next year. Its previous forecast had called for a rate hike in December this year only. The update was reported by ChainCatcher under the policy and regulation category. The report did not provide further details beyond the change in Barclays’ rate path expectation.
Barclays expects the U.S. Federal Reserve to raise interest rates by 25 basis points in December and by another 25 basis points in January next year, according to ChainCatcher.
Its previous forecast had called for a rate hike in December this year.
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