Goldman Sachs: The Fed is more likely to cut interest rates by 25 basis points in September

According to BlockBeats, on September 11, regarding the Fed’s rate cut, Goldman Sachs Chief Economist Hatzius said on Monday, “I will not rule out a 50 basis point rate cut, but a 25 basis point rate cut is more likely.”

Hatzius added, "I think the Fed has every reason to cut rates by 50 basis points because the current federal funds rate is simply too high. It is the highest policy rate in the G10. This is despite the fact that the U.S. has actually made more progress on inflation than most G10 economies." (Jinshi)