Goldman Sachs still sees 25 basis point Fed cut next week

09/13/2024

Less than a minute

2024.09.13 16:23

(Reuters) – Goldman Sachs on Friday said it continues to call for a quarter percentage point easing at next week’s Federal Open Market Committee meeting, which contrasted with news stories about refreshed speculation of a more aggressive cut.

© Reuters. FILE PHOTO: A jogger runs past the Federal Reserve building in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo

Former New York Federal Reserve President Bill Dudley said on Thursday there was a strong case for a 50-basis-point interest rate cut at the Fed’s Sept. 17-18 rate-setting meeting.

Investors on Friday reacted to news articles in the Financial Times and the Wall Street Journal, which highlighted that the size of the first cut could be a close call for Fed officials, triggering speculation of a larger cut.

09/13/2024

Less than a minute

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