Barclays, BNP Paribas eye two Fed charge cuts this yr after Jackson Gap

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Barclays had beforehand solely penciled in only one charge lower for December whereas BNP Paribas was not anticipating the Fed to chop charges in any respect this yr earlier than this. It is clear that Fed chair Powell’s speech on Friday is being handled as a pivot of types. However now, all eyes will likely be on the US jobs report on 5 September to seal the deal.

This text was written by Justin Low at investinglive.com.

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