Goldman Sachs CFO: Fed's first 50 basis point rate cut is a clear sign of new direction

avatar
ODAILY
09-25
This article is machine translated
Show original
Odaily Odaily News: Goldman Sachs Chief Financial Officer Denis Coleman believes that the Federal Reserve's recent decision to cut interest rates by 50 basis points, a significant rate cut, has laid a good foundation for a soft landing of the economy, despite some market analysts' concerns about inflation and recession risks. He said: "This first 50 basis point rate cut is a clear sign of a new direction. I hope this will increase confidence, reduce capital costs, and may promote strategic activities as we approach the end of the year." The Federal Open Market Committee (FOMC) voted to lower its key overnight lending rate to a target range of 4.75% to 5%, which was unexpected by some economists. (Jinshi)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments