Barclays: Fed Rate Cut Expectations Unlikely to Change, Optimistic Economic Narrative Continues

According to ChainCatcher, citing Golden Ten Data, Julian Lafargue, Chief Market Strategist at Barclays Private Bank, pointed out that unless there is a significant upside surprise in US inflation data, the market is unlikely to change its expectations for further rate cuts by the Federal Reserve. According to tracking data from the Atlanta Fed, US GDP growth in the third quarter is close to 4%, indicating that the economy remains resilient. Stephanie Link, Chief Investment Strategist at Hightower Advisors, stated that if CPI data comes in higher than expected, market volatility will intensify, but this will be seen as a buying opportunity.