Barclays expect 3 FOMC rate cuts in 2024 (vs. prior one)

<p>Barclays have revised their projections for Federal Reserve rate cuts next year:</p><ul><li>expect the first 25bp rate cut in June, with two more to follow</li><li>had previously been expecting one cut next year, in December</li></ul><p>JPM and Soc Gen have already piled in:</p><ul><li><a href="https://www.forexlive.com/centralbank/175bp-of-rate-cuts-forecast-from-the-federal-open-market-committee-fomc-in-2024-20231214/" target="_blank" rel="follow" data-article-link="true">175bp of rate cuts forecast from the Federal Open Market Committee (FOMC) in 2024</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.