The Barclays Research Team has revised its expectations on the US Federal Reserve’s (Fed) interest rate cut outlook, in the face of the looming Brexit risks.
Key Quotes:
Expecting deeper cuts from the FOMC because of the Brexit recession.
See 3 Fed rate cuts by the end of this year vs. the previous forecast of 2 cuts.
The no-deal Brexit will be an added drag on global growth.
Also Read:
UK risks a shallow recession, BOE to cut rates by 50 bps – Barclays
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