Goldman Sachs: Fed has 'good reason' to cut rates in July
Goldman Sachs economists believe that there is "sufficient reason" for the Federal Reserve to cut interest rates at its July 30-31 meeting, but this does not change their prediction that the Fed will begin cutting interest rates in September. The latest unemployment and inflation data indicate that the Fed's monetary policy rule requires the federal funds rate to be 4%, while the current target range is 5.25%-5.5%. Therefore, Jan Hatzius, Goldman's chief economist, said in a report, "We expect the rate cut to begin soon."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pantera Partners: Which DePIN projects have real revenue?DePin Case Studies
Some DePIN projects achieve sustainable profitability by solving existing problems, even without relying on the flywheel effect of token economics.
Cardano Partners With Barcelona to Enhance Fan Interaction
XRP Ledger v2.3.0 Upgrade to 2.3.0: Essential Changes and 80% Server Upgrade Milestone
Best New Meme Coins with 1000X Potential: BTFD Coin’s Presale Rally Sparks Buzz While Pudgy Penguins and Osaka Protocol Thrive