TechFlow news, September 18 — According to Jinshi Data, Barclays economists noted that risks to the Fed's interest rate path are tilting toward delayed rate cuts.
In their research report, they stated this could occur if inflation data through early 2026 continues to show strong price increases, or if tariff policies push up prices in non-goods sectors amid a moderate rise in unemployment.
Conversely, they added, if unemployment spikes sharply, the Federal Open Market Committee (FOMC) might adopt more aggressive rate cuts. Barclays expects the FOMC to hold rates steady through 2026 until there are signs of slowing monthly inflation and confidence that inflation is back on track toward the 2% target.




