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Goldman Sachs now expects the Fed to start cutting rates in September instead

Goldman Sachs now expects the Fed to start cutting rates in September instead

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By Justin Low
24/05/2024 | 10:48 GMT
  • The firm previously had July penciled in for the first Fed rate cut

That's a bit of a late revision as markets have ruled out both June and July for quite some time now. As of today, the odds of a September move are priced at a ~58% probability with just ~36 bps of rate cuts for the year.

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