Apr 29, 11:33 AM

Fed Expected to Signal High Rates Amid Stubborn Inflation, Goldman Sachs and BNP Paribas Forecast Rate Cuts

Goldman Sachs expects upcoming inflation reports to be softer, maintaining forecast for rate cuts in July and November. BNP Paribas suggests rate-cutting cycle may start in December due to the presidential election. The U.S. Federal Reserve is in a holding pattern as inflation delays a soft landing. Fed is anticipated to signal a willingness to keep interest rates high for longer amid stubborn inflation.

#Goldman Sachs #BNP Paribas #Fed

Written with ChatGPT (GPT-3).

Sources

Carl Quintanilla@carlquintanilla
2 years ago
BMO: “.. The acceleration in the #ECI supports the narrative that the last leg down in inflation is going to be slow and uneven and reinforces our call for the Fed to remain on hold until September.” #FOMC 🇺🇸 https://t.co/YyE4bn1Y8l
FOX Business@FoxBusiness
2 years ago
Fed expected to keep interest rates higher for longer amid stubborn inflation https://t.co/SRv8BrCOyh
Open Outcrier@OpenOutcrier
2 years ago
Fed to Signal It Has Stomach to Keep Rates High for Longer - WSJ https://t.co/DP8ut6zMJK

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Fed Expected to Signal High Rates Amid Stubborn Inflation, Goldman Sachs and BNP Paribas Forecast Rate Cuts

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