Barclays: The Federal Reserve will cut rates consecutively this year, while the European Central Bank will keep rates unchanged this week.

According to ChainCatcher, citing Jinse Finance, Barclays economists expect the Federal Reserve to cut interest rates consecutively in September, October, and December, even though upcoming data may show an acceleration in consumer inflation. They believe the likelihood of a 50 basis point rate cut is very small and that the market has already priced this in. The economists predict two more rate cuts in March and June 2026, ultimately bringing the interest rate down to 3% - 3.25%. In contrast, Barclays expects the European Central Bank to keep rates unchanged this week.