CNBC refer to a note from Barclays. Analysts at the bank assert that the US jobs markets is "showing no sign of the rapid deterioration that would call for a 50bp Fed cut this month".
The forecast is for FOMC rate cuts of 25bp at the next three meetings:
- September 17 and 18
- November 6 and 7
- December 17 and 18
and then for three quarterly rate cuts in 2025.
