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Goldman Sachs: Fed to cut rates in September and December

2019-06-20 09:25

The US Federal Reserve (Fed) will cut rates by 25 basis points in September and December if the economic data from now and then disappoints, according to analysts at Goldman Sachs.

The investment bank also expects the Fed to end its quantitative tightening (balance sheet runoff) program in July.

The markets are already priced in for two rate cuts before the year-end. Further, the money markets have priced in a 100% probability of a 25 basis point rate cut in July.

This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.

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