June 7, 2019 / 5:17 PM / 11 days ago

Barclays sees 50 bps U.S. rate-cut in July vs Sept

NEW YORK, June 7 (Reuters) - Barclays economists now forecast the Federal Reserve will lower key U.S. short-term interest rates by 50 basis points in July, earlier than their prior call last week for such a move in September, citing weakness in the services sector employment in May.

They also pushed up the timing for a possible 25 basis-point rate decrease to September from their previous projection for December a week ago. (Reporting by Richard Leong Editing by Chizu Nomiyama)

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