Goldman Sachs Adds Third Quarter-Point Fed Cut To 2024 Forecast
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has updated its forecast to include a third quarter-point rate cut by the Federal Reserve in 2024.
August 02, 2024 | 2:34 pm
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POSITIVE IMPACT
Goldman Sachs has revised its forecast to include a third quarter-point rate cut by the Federal Reserve in 2024. This adjustment reflects the bank's expectations for a more accommodative monetary policy.
Goldman Sachs' forecast adjustment indicates a more accommodative monetary policy, which could positively impact financial markets and GS's business operations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs' forecast of a third quarter-point rate cut by the Federal Reserve in 2024 suggests a more accommodative monetary policy, which could positively impact the broader market.
A more accommodative monetary policy as forecasted by Goldman Sachs could lead to a positive impact on the broader market, benefiting ETFs like SPY.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70