Goldman Sachs: The Bar for a Larger Fed Rate Cut Is Low

Article is form Jinse
September 18, 2024
This article is translated by ChatGPT Show original
Back Icon Image

Gold Finance reported that Lindsay Rosner, multi-department investment head at Goldman Sachs Asset Management, said: "The Fed has done what the market wanted. The market is happy with the Fed. The market is still ahead of the Fed, and expects 75 basis points of rate cuts this year (the Fed dot plot shows 50 basis points). Because unemployment and PCE estimates are very close (at current levels), the Fed could easily cut rates more (than what the dot plot shows)."

Back Icon Image
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.