Goldman Sachs chief economist Jan Hatzius spoke on CNBC after the jobs report on Friday.
- said “there is a rationale” for a 50bp rate cut
- but 25bp is more likely
- forecasts three consecutive cuts beginning this month
One caveat:
- “the Fed leadership is open to 50bp cuts at subsequent meetings if the labor market continues to deteriorate.”
Dates for the September, November and December meetings
This article was written by Eamonn Sheridan at www.forexlive.com.
