<p>Barclays economists released a research report stating that considering the results of the U.S. election and the potential tariffs and tightening immigration policies of the Trump administration, they have revised their previous estimate of three rate cuts next year to two, each by 25 basis points. The team led by Chief U.S. Economist Marc Giannini still expects a 25 basis point cut in December but believes that this adjustment may result from intense negotiations, with an increased risk of a pause</p>

<p>Barclays economists expect to lower their forecast for interest rate cuts next year from three to two, each by 25 basis points, considering the results of the U.S. election and potential tariffs that may be imposed by the Trump administration. Chief economist Marc Giannini's team still anticipates a 25 basis point cut in December but believes this adjustment may face intense competition, with an increased risk of a pause</p>

It is expected that Trump may impose tariffs, and Barclays has reduced its forecast for the Federal Reserve's interest rate cuts in 2025 to two times