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Goldman Sachs on the FOMC hurdle if they pause in November too. Rate cuts from Q2 2024

Goldman Sachs are with most in the market in expecting the Federal Open Market Committee (FOMC) to leave the fed Funds rate unchanged at the September meeting. November is the meeting after this and that one is more complicated for the Fed. GS say that another skip in November would raise the “hurdle for re-starting the cycle”.Further out though:“ ... we think Fed officials are unlikely to move quickly into a rate-cutting cycle unless growth slows more than we are forecasting in the coming quar... Read More

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Posted: Sep 6 2023, 22:55

Author Name: forexlive

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