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Goldman Sachs: The threshold for the Federal Reserve to increase interest rate cuts is very low
Lindsay Rosner, head of multi-division investment at Goldman Sachs Asset Management, said: The Fed did what the market wanted. The market is happy with the Fed. The market is still ahead of the Fed and expects to continue cutting rates by 75 basis points this year (the Fed dot plot shows 50 basis points). With unemployment and PCE estimates very close to (current levels), the Fed could easily cut rates more (than the dot plot shows).
2024-09-18 20:54:33
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