Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Goldman: We Don’t See A Rate Cut This Year

|About: The Goldman Sachs Group, Inc. (GS)
Summary

A Goldman economist informed investors on Monday that he does not expect the Fed to cut rates this year.

His note said: “Although it is a close call, we still expect the FOMC to keep the funds’ rate unchanged in the remainder of the year,”.

Fed’s Powell only last week said the Fed would act “as appropriate” with regards to rate cuts.

The Fed has been under scrutiny for some time regarding the raising of rates. We have been in—and still, are in—a low rate environment. The Fed has raised rates many times under the Trump administration & Trump regularly pushes back on the Fed. We are now at a point where the economy could be heading into a little turbulence. We believe the recent household survey shows that consumers expect some trouble shortly, although it should be short-lived. ... Read more

Via LL Rothman