Goldman Sachs assess the probability of a 50bp FOMC July cut at only 15%

GS are looking for a 25bp cut at the July 2019 Federal Open Market Committee meeting

• And a further 25bp cut at the September meeting

Assess the probabilities for July:

• 75% for 25bp cut
• 15% for 50bp cut
• (the remaining 10% is for an on hold decision)