Goldman Sachs expects the Federal Reserve to begin cutting rates in September, projecting three straight 25 basis point reductions.
However, the bank says a larger 50bp cut is possible if the next jobs report shows a further rise in unemployment.
Earlier:
Daly swinging a little more dovish:
But, don’t abandon a viewpoint that carefully assesses what was said:
Also, Williams spoke, as I posted on the weekend, and I’m not seeing a lot on this:
- Fed’s Williams say’s he’ll have “very much an open mind” on September meeting rate cut
- Weekend Fed Williams – “very much an open mind” on September rate cut. I have comments!
Not everyone agrees on a September rate cut:
BoA’s call is looking more and more ‘brave’.
This article was written by Eamonn Sheridan at investinglive.com.