Goldman Sachs Predicts Fed to Cut Rates by 25 Basis Points and Continue Through Remaining Meetings of the Year
Publication Time:2024-09-14 03:41:07
A globally recognized financial analysis firm, Goldman Sachs, in its latest report states that despite multiple expectations for the Federal Reserve's monetary policy, it still adheres to its forecast that the central bank will take decisive measures next week, which involves lowering the benchmark interest rate by 25 basis points. This is part of recent adjustments in US monetary policy aimed at addressing challenges posed by global economic slowdown and domestic economic uncertainties. Moreover, Goldman Sachs further emphasizes that this rate-cutting initiative is not limited to the meeting next week, expecting the Federal Reserve to continue with rate cuts in the two following meetings in November and December, in order to maintain stable economic growth.
Goldman Sachs prediction
Fed Rate Cut
25 basis points
remaining meetings of the year