Barclays: The Federal Reserve is expected to cut interest rates twice this year

On March 13, in light of recent developments, Barclays currently expects the Federal Reserve to cut interest rates twice this year - once in June and again in September. This aligns with the latest shift in market expectations since last month. Nevertheless, their forecast is still somewhat underpriced compared to current federal funds futures. Traders expect the Federal Reserve to cut interest rates by about 70 basis points this year, with earlier predictions this week reaching as high as approximately 84 basis points.