Golden Ten Digest: Non-farm Payrolls Shockingly Cold! Wall Street Investment Banks Rush to Revise Interest Rate Cut Script

GoldenOctober2024

2024-08-02 15:51:28

Goldman Sachs: Increase the expectation of 25 basis points rate cuts by the Fed this year to three times, and do not rule out a 50 basis points rate cut in September. 2. Citigroup: The Fed is expected to cut rates by 50/50/25 basis points in September, November, and December respectively, previously expected to be 25 basis points. 3. Bank of America: It is expected that the Fed will start cutting rates by 25 basis points in September, while the previous expectation was in December. 4. JPMorgan Chase: The Fed is expected to cut rates by 50 basis points in September and November, and then by 25 basis points at each subsequent meeting.

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