Barclays sees Fed raising rate in January instead of December

Barclays said it now expects the U.S. Federal Reserve to deliver a 25 basis point interest rate increase in January instead of an earlier expectation for a December hike.

The brokerage cited softer-than-expected October employment data and dovish Fed commentary for the forecast push to next year."We continue to think the FOMC will need to proceed with additional tightening and will have to maintain a higher rate path than expected by the market, with no rate cut prior to September 2024," economists at Barclays said in a note dated Nov. 3.

Global fund managers sold China equities sharply in October despite further steps from authorities aimed at boosting the world's second-largest economy, according to a report from Morgan Stanley that cited data from fund flow tracker EPFR.Shares of Indian kitchenware products maker Cello World rose as much as 29.2% in their trading debut on Monday, valuing the company at 177.72 billion rupees .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Westword Cooking Up Another Tasty Members-Only Event December 7Members can enjoy a tasty conversation with Food & Drink Editor Molly Martin and Arlen Preblud of We Don't Waste.
Read more »

Netflix Getting Even More DC Movies In DecemberThe Batman and a few other DC movies are hitting Netflix next month.
Read more »

Saudi Arabia extends 1 million-barrel-a-day oil production cut through DecemberWilliam Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C.
Read more »

Winterfest Columbus set to return this December'Bedroom Farce' runs through Oct. 29.
Read more »

Minimum wage rate for all Hayward businesses set to rise by January 2024Wages are set to increase for workers across all types of businesses and industries in Hayward on Jan. 1, 2024, the city announced Monday.
Read more »

Dow futures tick higher amid Fed pause betsDow futures tick higher amid Fed pause bets
Read more »