Barclays expects deeper cuts from the FOMC because of the Brexit recession

Market news

23 August 2019

Barclays expects deeper cuts from the FOMC because of the Brexit recession

The Barclays research team reports it has revised its expectations on the U.S. Federal Reserve’s interest rate cut outlook, in the face of the looming Brexit risks.

Expects deeper cuts from the FOMC because of the Brexit recession
Sees 3 Fed rate cuts by the end of this year vs. the previous forecast of 2 cuts
Says the no-deal Brexit will be an added drag on global growth

European Commission spokeswoman: We stand ready to engage constructively with the UK on any concrete proposals compatible with the Withdrawal Agreement

Germany's Finance ministry spokesman: We are not in a recession

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