Goldman Sachs chief economist Jan Hatzius spoke on CNBC after the jobs report on Friday.
- said “there is a rationale” for a 50bp rate cut
- but 25bp is more likely
- forecasts three consecutive cuts beginning this month
One caveat:
- "the Fed leadership is open to 50bp cuts at subsequent meetings if the labor market continues to deteriorate."
Dates for the September, November and December meetings
