Goldman Sachs: Fed has "good reason" to cut rates in July
Goldman Sachs economists said they believe the Federal Reserve "has good reason" to cut interest rates in the July 30-31 meeting, but did not change their forecast that the Federal Reserve will begin to cut interest rates in September. With the latest unemployment and inflation data suggesting that the Fed's monetary policy rules call for a federal funds rate of 4 percent and the current target range of 5.25-5.5 percent, Goldman Sachs chief economist Jan Hatzius said in a report, "We expect rate cuts to begin soon."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
WLFI: BNB Ecosystem USD1 Zero-Fee Promotion Extended Until December 31
Bitwise BSOL Solana ETF increased its holdings by 93,167 SOL in the past hour
CoinMarketCap launches MACD dashboard, supporting comparison of momentum indicators for multiple cryptocurrencies