Reported 4 months ago
Goldman Sachs has adjusted its interest-rate outlook, postponing its projection for a Federal Reserve rate cut from July to September following recent economic data showing strong underlying numbers and signs of a buoyant economy from May purchasing-manager surveys. The Fed has indicated a cautious approach towards rate cuts, with a 50% chance of a rate reduction by September according to interest-rate futures. Federal Reserve Chair Jerome Powell has emphasized a gradual approach to potential rate cuts, considering factors such as inflation and economic performance before making any decisions.
Source: YAHOO