(Reuters) – Barclays and Goldman Sachs said on Friday that they were expecting the U.S. Federal Reserve to deliver the next interest rate cut in July, after a stronger-than-expected jobs report.
They had previously forecast a rate cut in June.
Data on Friday showed, nonfarm payrolls increased more than expected in April, with the unemployment rate steady at 4.2%.
(Reporting by Siddarth S in Bengaluru; Editing by Anil D’Silva)
Comments