Goldman: Why Wait 'til September to Cut?
FOMC Prep
Will I see you in September, Or lose you to a summer love?
The Happenings, 1966
This is Fed Week, and as such there is much debate over the Fed’s potential for a rate cut. The financial press is throwing around phrases that we feel only muddy the waters. As this is an important season because of the BRICS summit and the US Election, we wanted to give you the real deal.
Includes excepts and observations from Goldman, Michael Oliver, and recent comments by Nick Timaros and Bill Dudley
Contents:
Bottom line:
Meetings:
Rate Cut Expectations:
How They Do Cuts:
Therefore the choices are:
Timi-Leaks Says:
The Verdict:
Bill Dudley Fed Hawk:
Goldman’s Jan Hatzius: Why Wait?
Michael Oliver notes in his Sunday report:
Gold Comments:
Bottom line:
Most think the Fed will announce a September cut on Wednesday. Some think the Fed may actually cut on Wednesday. We walk through the possibilities