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Barclays sees two dissenters if Fed cuts rates next week

Published 07/25/2019, 12:46 PM
Updated 07/25/2019, 12:51 PM
Barclays sees two dissenters if Fed cuts rates next week

NEW YORK (Reuters) - Two Federal Reserves may express their dissent next week if the Federal Reserve decides to lower key U.S. interest rates for the first time in a decade, which traders are betting it will do, Barclays (LON:BARC) U.S. economists said on Thursday.

Kansas City Fed President Esther George and Boston Fed chief Eric Rosengren have signaled they do not support insurance rate-cuts in the wake of a recent spate of stronger-than-forecast data on employment and inflation in June. They are also concerned that rate cuts when the economy is still expanding may increase risks to financial stability.

"Both appear to favor a 'wait-and-see' approach in evaluating risks to the outlook," the Barclays economists wrote in a research note.

Latest comments

Those two are not the only ones who are not for the cut. Many have said they would be open to a cut if conditions warrant one. Only two have ssid a cut should be done.
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