Barclays expects US Fed to deliver two rate cuts in June and September

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13 Mar 2025

March 13 (Reuters) - Barclays now expects the U.S. Federal Reserve to deliver two quarter-point interest rate cuts in June and September, the Wall Street brokerage said on Thursday, citing softer labor market conditions amid tariff uncertainty.

It had earlier projected one 25-basis point cut in June.

"The softer labor market causes us to add another ate cut, despite higher inflation," Barclays analysts said.