Barclays: The risk of the Federal Reserve's interest rate path tends to delay rate cuts

ChainCatcher news, according to Jinshi reports, Barclays economists pointed out that the risks of the Federal Reserve's interest rate path are leaning towards delaying rate cuts. In their research report, they stated that if inflation data continues to show strong price increases in early 2026, or if tariff policies drive up prices in non-commodity sectors against a backdrop of a moderate rise in unemployment, this scenario may occur. Conversely, if the unemployment rate suddenly spikes, the Federal Open Market Committee (FOMC) may take more aggressive rate-cutting measures. Barclays expects that in 2026, the FOMC will keep interest rates unchanged until there are signs of monthly inflation data slowing down and is confident that inflation is returning to the 2% target trajectory.