Economists at Goldman Sachs said they believe the Fed has "good reasons" to cut rates at its July 30-31 meeting, but have not changed their forecast that the Fed will start cutting rates in September, according to Golden Finance. The latest unemployment and inflation data suggest that the Fed's monetary policy rules call for a 4% federal funds Intrerest Rate, while the current target range is 5.25%-5.5%, so Goldman Sachs Chief Economist Jan Hatzius said in a note: "We expect rate cuts to start soon." ”
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Goldman Sachs: The Fed has "good reason" to cut interest rates in July
Economists at Goldman Sachs said they believe the Fed has "good reasons" to cut rates at its July 30-31 meeting, but have not changed their forecast that the Fed will start cutting rates in September, according to Golden Finance. The latest unemployment and inflation data suggest that the Fed's monetary policy rules call for a 4% federal funds Intrerest Rate, while the current target range is 5.25%-5.5%, so Goldman Sachs Chief Economist Jan Hatzius said in a note: "We expect rate cuts to start soon." ”