Goldman Sachs has moved it next to Fed rate cut from December to September. Earlier today Fed's Bostic said that he expects one rate cut in 2024 and that the Fed was not in a hurry to cut rates. Other Fed officials including Feds Bowman and Waller have not ruled out a July rate cut if inflation comes in tame once again in June.
Feds Powell will participate in a panel with ECB's Lagarde, BOE Bailey and BOJ Ueda tomorrow at 9:30 AM ET.
Last week, Fed Powell testified on Capitol Hill and left the door open for a July rate cut but does not expect that given his expectations that the tariffs will increase inflation in June, July, and August.
The Fed chair is under intense pressure from the Trump administration. It is a fait accompli that the Fed Chair's term will not be extended next year, and that a Fed chair in-waiting could potentially be in place in January when the next Fed appointment is scheduled. That nominee would likely be an ultra-dove who will look to shift the bias of the Fed markedly to the downside in rates.
Fed's Goolsbe will be speaking at the top of the hour (1 PM ET)
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about goldman sachs moves their next fed rate cut from december to september was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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