Goldman’s Hatzius sees no need for a Fed rate cut | Metals Mine

  • Goldman’s Hatzius sees no need for a Fed rate cut

    From marketwatch.com

    Ahead of the Federal Reserve’s monetary-policy meeting on Tuesday and Wednesday, MarketWatch talked with Jan Hatzius, chief economist at Goldman Sachs, about the outlook for the U.S. central bank. As financial markets — and President Donald Trump — have cried out for rate cuts, Hatzius has remained skeptical all year about the need for lower rates and still doesn’t think a July cut is necessary. But one is coming anyway, he said, followed, probably, by another in September. And that’s it. Then the bond market might have to reprice. The Goldman GS, -0.40% economist thinks the bond market’s flat yield curve ... (full story)

Comment Options
auricforecas
Jul 29, 2019 4:44pm
Permalink
Impressive. I must say I agree with the GOLDman here... For both things, that the cut is not needed... but I would expect .25 cut also... But I am also open to a surprise m... moment, that is that the FED does not cut at all.... I believe that also Trump does not want the CUT, because he knows (I believe, and also from his PAST tweets...) that the CUT will not be a good for (capital flows for one) in the longrun. I would bet that he is willing to the take the longterm sacrifice of the CUT, for short-term boost (for elections obviously) and then he plans to counter-balance that negative effect (after the elections, should he won) or just correct the rates back Foxy
Reply
  • Story Stats