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Why the Fed Is Unlikely to Cut Rates This Year
Goldman Sachs Research doesn’t expect the Federal Reserve to lower rates until 2027. David Mericle, chief US economist, has pushed his projection for the final two rate cuts in this cycle to June and December 2027 (from December 2026 and March 2027 previously). US economic activity and labor market data “have been stronger than we anticipated in recent months, with job growth in particular picking up impressively,” Mericle writes in a report. Goldman Sachs Research still anticipates that GDP growth will be somewhat below potential in the second half of this year, as higher oil prices weigh on spending. But the ... (full story)
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- Jun 9, 10:58am | 3 hr ago Posted byFundamental Analysis31,185
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