Goldman Sachs: January FOMC likely to keep policy rate unchanged…expects two rate cuts this year
Minseung Kang
Summary
- Goldman Sachs said it sees a high likelihood that the FOMC meeting in January will hold the policy rate unchanged.
- Goldman Sachs said it expects Governors Christopher Waller and Michelle Bowman to be likely to support the hold decision.
- Goldman Sachs said the Fed is expected to deliver two rate cuts this year, with the first cut most likely to come in June.
Goldman Sachs said it expects the policy rate to be left unchanged at the January Federal Open Market Committee (FOMC) meeting.
According to Walter Bloomberg, an overseas economic news flash channel, Goldman Sachs said, “The January FOMC meeting is likely to be a routine one with no major variables,” adding that a broad consensus has formed around holding rates steady.
Goldman Sachs said Governors Christopher Waller and Michelle Bowman are likely to support a hold decision, while only Governor Stephen Miran could dissent.
As for the path of monetary policy, Goldman Sachs said, “The Fed is expected to deliver two rate cuts this year,” adding that “the first cut is most likely to come in June.”
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
