Goldman Sachs: The Federal Reserve is expected to cut interest rates by 25bp three times this year.
2024-08-29 15:53:39
Goldman Sachs Fixed Income Liquidity Solutions Macro Strategistdesk3cryptocurrencydesktopCrypto News
Gurpreet Garewal, macro strategist at Goldman Sachs Fixed Income and Liquidity Solutions, said in a note that the Fed is expected to cut interest rates by three consecutive 25 basis points in September, November and December. But she said that if the August jobs report released next week shows more signs of weakness in the labor market, it could prompt the Fed to start cutting rates by more than 50 basis points.
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