Barclays moved its forecast for the first Federal Reserve rate cut to March (from June)

<p>A note from Barclays analysts on Friday in which they now forecast the Federal Open Market Committee (FOMC) to cut the Fed Funds rate by 25bp at the March meeting. Barclays were previously forecasting the first cut to come in June. </p><p>Fed officials continue to send mixed messages, the latest was from Federal Reserve Bank of Cleveland President Loretta Mester</p><ul><li><a href="https://www.forexlive.com/centralbank/feds-mester-december-cpi-report-shows-the-job-is-not-done-yet-20240111/" target="_blank" rel="follow" data-article-link="true">Fed's Mester: December CPI report shows the job is not done yet</a></li></ul><p>Mester gets an FOMC vote in 2024 (she's pictured in column 1, row 1 above)</p>

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