Goldman Sachs chief economist Jan Hatzius spoke on CNBC after the roles report on Friday.
- mentioned “there’s a rationale” for a 50bp price minimize
- however 25bp is extra possible
- forecasts three consecutive cuts starting this month
One caveat:
- “the Fed management is open to 50bp cuts at subsequent conferences if the labor market continues to deteriorate.”
Dates for the September, November and December conferences
This text was written by Eamonn Sheridan at www.forexlive.com.
