Barclays: The Fed's interest rate cut is a foregone conclusion, but the future policy direction remains uncertain

ChainCatcher news, according to Jinshi reports, the market generally expects the Federal Reserve to cut interest rates by 25 basis points this week, but there is still uncertainty regarding the guidance direction after the policy is implemented. Barclays' Chief U.S. Economist Marc Giannoni stated that against the backdrop of still moderate inflation data, the FOMC will determine that the downside risks to achieving employment goals are increasing. He added that the Federal Reserve's economic forecast report has changed little, but the dot plot will show three rate cuts this year (each by 25 basis points), one cut in 2026 and one in 2027, while the long-term median interest rate forecast remains unchanged at 3%.