This would likely push the Federal funds target range to between 4.5% to 4.75% by the end of this year, he said.
Take a look at the stocks Barclays thinks are best-positioned for lower rates later this year.
Darden Restaurants is one of the consumer names Barclays believes can outperform when the Fed loosens rates.
Clothing retailer Gap is another stock Barclays believes will be a rate-cut cycle winner.
GPS YTD mountain The Gap shares in 2024 Agribusiness company Bunge also made the cut.
Persons:
Terrence Malone, Malone, Jeff Bernstein, Bernstein, Jason Goldberg, Goldberg, Adrienne Yih, Bunge, Ben Theurer, —, Michael Bloom
Organizations:
Barclays, Darden, Olive Garden, LongHorn, Fifth, Bancorp, Old Navy, Banana, Analysts, Bunge
Locations:
Olive, Banana Republic