Goldman Sachs still sees 25 basis point Fed cut next week
3:56 pm Friday, September 13th, 2024
(Reuters) – Goldman Sachs on Friday said it continues to call for a quarter percentage point easing at next week’s Federal Open Market Committee meeting, which contrasted with news stories about refreshed speculation of a more aggressive cut.
Former New York Federal Reserve President Bill Dudley said on Thursday there was a strong case for a 50-basis-point interest rate cut at the Fed’s Sept. 17-18 rate-setting meeting.
Investors on Friday reacted to news articles in the Financial Times and the Wall Street Journal, which highlighted that the size of the first cut could be a close call for Fed officials, triggering speculation of a larger cut.
(Reporting by Alden Bentley; editing by Diane Craft)
