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Goldman Sachs: Fed still expects to cut interest rates by 25 basis points next week

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2024-09-14 03:30:43
On September 14th, Goldman Sachs analysts said they still expect the Federal Reserve to cut interest rates by 25 basis points next week, and will cut rates at every meeting for the rest of the year (November and December). In contrast, speculation about a deeper rate cut by the Federal Reserve has resurfaced. Dudley, the former president of the New York Federal Reserve Bank, said on Thursday that the possibility of a 50 basis point rate cut at the Federal Reserve's meeting next week is very high. Investors reacted on Friday to news articles in the Financial Times and the Wall Street Journal, which emphasized that the first rate cut could be a difficult decision for Fed officials, which has sparked market speculation about a larger rate cut.