Barclays Bank: Expects the Federal Reserve to start cutting interest rates in March

According to ChainCatcher news from Investing.com, Barclays economists expect that the seasonally adjusted annualized rate of U.S. personal consumption expenditures (PCE) inflation will be 1.9% in the second half of 2023, reaching 2.4% by the end of 2024. Given the latest economic data showing a slowdown in inflation trends, the Federal Reserve (FOMC) will implement a policy of reducing interest rates by 25 basis points at every other meeting starting in March 2024. Based on this forecast, by the end of 2024, the target range for the federal funds rate will be 4.25-4.50%, and it will further decrease to 3.25-3.50% by the end of 2025.