Investing.com – Both Goldman Sachs and Barclays reduced their bets for policy tightening from the Federal Reserve (Fed) after the worse-than-expected jobs report on Friday.
After nonfarm payrolls registered a sharp drop and missed consensus, Goldman Sachs announced that it no longer expected the next rate hike to come from the Fed in June and are now placing their bets on September.
Barclays coincided with the call for September and decreased their forecast for two rate hikes this year to a single increase.
Fed funds futures also reduced the probability of a hike in June to just 6% after the jobs report, according to CME Group data.