Barclays: Fed’s next rate cut may slip from mid-2027 to 2028

A six-month slip in one bank's projected easing timeline is a reminder that the policy path beyond the near term remains genuinely uncertain, and that forecast revisions of this kind tend to move in clusters rather than alone. For crypto and other long-duration risk assets, whose valuations lean heavily on expectations for future liquidity, the relevant signal is the direction of travel in rate forecasts rather than the specific date. Whether other houses follow Barclays in extending the hold is the open question worth tracking.