Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Goldman Sachs: Fed has 'good reason' to cut rates in July

Goldman Sachs: Fed has 'good reason' to cut rates in July

Cointime2024/07/15 15:38
By: Cointime
RSR-0.73%

Goldman Sachs economists believe that there is "sufficient reason" for the Federal Reserve to cut interest rates at its July 30-31 meeting, but this does not change their prediction that the Fed will begin cutting interest rates in September. The latest unemployment and inflation data indicate that the Fed's monetary policy rule requires the federal funds rate to be 4%, while the current target range is 5.25%-5.5%. Therefore, Jan Hatzius, Goldman's chief economist, said in a report, "We expect the rate cut to begin soon."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — YB/USDT!
Bitget Announcement2025/10/16 08:00
YBUSDT now launched for futures trading and trading bots
Bitget Announcement2025/10/15 11:07

Trending news

More
1
[Initial Listing] Bitget Will List Revive (RVV) in the Innovation Zone
2
New spot margin trading pair — YB/USDT!

Crypto prices

More
Bitcoin
Bitcoin
BTC
$108,985.92
-2.24%
Ethereum
Ethereum
ETH
$3,922.28
-2.59%
Tether USDt
Tether USDt
USDT
$1
-0.01%
BNB
BNB
BNB
$1,149.61
-3.58%
XRP
XRP
XRP
$2.36
-2.70%
Solana
Solana
SOL
$186.87
-4.35%
USDC
USDC
USDC
$1.0000
-0.01%
TRON
TRON
TRX
$0.3171
-1.28%
Dogecoin
Dogecoin
DOGE
$0.1900
-3.91%
Cardano
Cardano
ADA
$0.6508
-3.36%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter