Barclays forecast an Federal Open Market Committee (FOMC) January rate hike (Dec prior)

<p>Via Reuters info:</p><ul><li>Barclays expects the U.S.
Federal Reserve to deliver a 25 basis point interest rate
increase in January 2024 </li><li>earlier had expected a rate hike in December 2023</li></ul><p>Cited </p><ul><li>softer-than-expected October employment
data</li><li>dovish Fed commentary</li></ul><p> "We continue to think the FOMC (Federal Open Market
Committee) will need to proceed with additional tightening and
will have to maintain a higher rate path than expected by the
market, with no rate cut prior to September 2024"</p>

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