Goldman Sachs Predicts Higher Probability of 25 Basis Point Rate Cut by the Fed in September
Publication Time:2024-09-11 11:46:07
In their recent evaluation, Goldman Sachs' Chief Economist, Ian Haisley, stated that the Federal Reserve has a higher possibility of implementing a rate-cutting measure in September. However, the probability of a 25 basis point reduction is considered higher than a 50 basis point cut. Haisley pointed out that the current federal funds rate is already at a relatively high position and is among the countries with the highest policy rates in the Group of Ten (G10). He believes that given the more favorable inflation scenario for the US compared to other G10 economies, the Federal Reserve has ample reasons to consider lowering interest rates to stimulate economic growth.
Federal Reserve
Goldman Sachs
Interest Rate Cut
Federally Funded Interest Rate