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Barclays Revises U.S. Rate Hike Outlook
Barclays Bank revised its forecast for the U.S. interest rate hikes to two times, following strong comments from the bank's chief, Kevin Warsh, at the Jackson Hole forum. The bank now expects a 25 basis point increase in interest rates at the September and December meetings, amid hints of tightening monetary policy until reaching the inflation target of 2%.
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