Goldman Sachs predicts a 25 basis point Fed rate cut next week
Goldman Sachs reiterated its prediction for a 0.25% interest rate cut at the upcoming Federal Open Market Committee meeting, countering speculations of a more aggressive reduction. Former New York Federal Reserve President Bill Dudley suggested a 0.50% rate cut at the Fed’s upcoming meeting. Market reactions were influenced by reports in the Financial Times and the Wall Street Journal indicating that the size of the initial cut may be a close decision for Fed officials, sparking discussions of a potentially larger cut.
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Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.