Reported 28 days ago
Goldman Sachs chief economist Jan Hatzius predicts that the Federal Reserve will likely implement a 25-basis-point interest rate cut at its September meeting due to recent economic data, including a less-than-expected jobs report. While noting that a larger cut of 50 basis points could also be justified, Hatzius emphasizes that a smaller cut would reduce panic among investors. He highlights the economy's steady growth at about 2.5% despite challenges and attributes rising unemployment rates to an increase in labor supply rather than a significant economic slowdown.
Source: YAHOO