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(Reuters) – Barclays now expects the U.S. Federal Reserve to ship two quarter-point rate of interest cuts in June and September, the Wall Road brokerage mentioned on Thursday, citing softer labor market situations amid tariff uncertainty.
It had earlier projected one 25-basis level minimize in June.
“The softer labor market causes us so as to add one other
price minimize, regardless of larger inflation,” Barclays analysts mentioned.
(Reporting by Kanchana Chakravarty in Bengaluru; Modifying by Shinjini Ganguli)
