An ICYMI from Goldman Sachs Asset Management (GSAM), bullish on Federal Open Market Committee (FOMC) rate cuts ahead. Info comes via Reuters.

  • "It's absolutely a soft landing ... as the data comes through, that's what we're seeing."
  • expect the Fed to begin cutting in September
  • rate cuts could then continue @ 25 basis points per quarter
Powell behind the curve
Is Powell behind the curve? -- AI image