After economists at Barclays PLC looked over their outlook for central bank rates and growth across major economies, their latest forecast is that the Federal Reserve (Fed) may go ahead with three further quarter-point cuts this year.
According to Bloomberg, this revision was made due to the heightened forecast that will be a “non-negotiated exit by Britain from the European Union, resulting in a mild recession in that country next year and two interest-rate cuts by the Bank of England, one this year and one in 2020.”
The economists also revised their euro-zone growth and reduced it to 0.6 percent for 202 from 1 percent forecasted previously. As the bank expects a bleak outcome for Europe, the U.S economy is predicted to see a growth of around 2 percent in 2020, which will strengthen the Dollar. As a result, the predictions are that the Fed may “reduce rates 25 basis points in September, October and December,” the bank’s chief U.S economist Michael Gapen said.
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
© 2000-2020. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at firstname.lastname@example.org.