An ICYMI from Goldman Sachs Asset Administration (GSAM), bullish on Federal Open Market Committee (FOMC) fee cuts forward. Information comes through Reuters.
- “It is completely a delicate touchdown … as the info comes by, that is what we’re seeing.”
- count on the Fed to start chopping in September
- fee cuts might then proceed @ 25 foundation factors per quarter
This text was written by Eamonn Sheridan at www.forexlive.com.
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