Goldman Sachs expects the Fed to cut interest rates three times this year.

On August 18, Goldman Sachs expected the Fed to cut interest rates three times this year, with expected cuts in September, October, and December, due to weak job growth in the U.S. Analysts pointed out that the number of new jobs has slowed to about 30,000 per month, far below the approximately 80,000 needed to achieve full employment, and future revisions to the data may be negative. They believe that the risks come not only from trade and immigration, but that "compensatory hiring" is fading, and growth in most industries is close to zero. Goldman Sachs warned that despite the unemployment rate remaining stable, even a slight slowdown in the labor market is concerning. If the unemployment rate sees a more significant rise, it could trigger a larger cut of 50 basis points.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)