Barclays: The Fed's September rate cut is unlikely to be reversed

Julien Lafarge, chief market strategist at Barclays Private Bank, said the Fed is expected to open the door to its first rate cut in September. Since the market has already digested expectations of a rate cut of slightly more than 25 basis points in September, the Fed may find it difficult to reverse these expectations. The Fed is expected to maintain its data-dependent narrative while acknowledging that the data has been moving in the right direction, which may justify easing monetary policy in the coming months. (Jinshi)