News list for " Full Reason"

Jan Hatzius, chief economist at Goldman Sachs, said they see "good reasons" for the Federal Reserve to cut interest rates at its July meeting, but did not change their forecast that the Fed will start cutting rates in September. According to the latest unemployment and inflation data, the federal funds rate of 4% is appropriate, compared to the current 5.25% -5.5%. Therefore, the rate cut is expected to begin soon. Reasons to act in July include the volatility of monthly inflation, which could m...

2024-07-15 15:19:02