Barclays: Fed's September rate cut expectations are difficult to reverse

Gold Ten Data, July 31 - Barclays Private Bank Chief Market Strategist Julien Lafargue said that the Fed is expected to open the door to its first rate cut in September. As the market has already digested the expected rate cut slightly higher than 25 basis points in September, the Fed may find it difficult to reverse these expectations. It is expected that the Fed will maintain its reliance on data while acknowledging that the data has been developing in the right direction, which may prove that it is reasonable to relax para politikası in the next few months.