UNITED STATES (OBSERVATORY NEWS) — Goldman Sachs economists predicted an aggressive Fed rate cut on Sunday, perhaps before a meeting in March, saying that the head of the US central bank gave a clear signal about this with his unscheduled statement on Friday.
While stock markets were down for the seventh day in a row, Fed Chairman Jerome Powell said Friday that the regulator is “closely monitoring” developments and “will use (its) instruments and act as necessary to support the economy.”
According to economists at Goldman Sachs, this is “a clear allusion to lower rates during or even before the meeting of the Federal Open Market Committee March 17-18.” Goldman expects rate cuts by half a percentage point by March 18.
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