Barclays: The Fed is expected to make three 25 basis point rate cuts this year

PANews reported on September 17 that according to Jinshi, Barclays foreign exchange strategist Skylar Montgomery Koning said that the US dollar is about to rebound because traders overestimated the extent of the Fed's interest rate cuts and underestimated the retail sales data released on Tuesday. She predicted that stronger-than-expected retail sales will change market bets, causing the market to shift to a smaller interest rate cut, thereby boosting the US dollar. Currently, with only two days left before the Fed's interest rate decision, traders' uncertainty about this decision is the highest since 2007, and this consumer report is one of the last few pieces of information before the interest rate announcement. Barclays expects the Fed to make three 25 basis point interest rate cuts this year because the US economy remains strong. Montgomery Koning said that the market tends to overreact in terms of expectations of interest rate cuts. She said: "In those soft landing periods, if you look at historical data, the market always overestimates the extent of the Fed's interest rate cuts, and when expectations turn around, the dollar will rebound."