Goldman Sachs: The Fed is more likely to cut interest rates by 25 basis points in September

Regarding the extent of the Fed's rate cut, Goldman Sachs Chief Economist Hatzius said on Monday, "I would not rule out a 50 basis point cut, but a 25 basis point cut is more likely." Hatzius added, "I think the Fed has every reason to cut interest rates by 50 basis points because the current federal funds rate is too high. This is the highest policy rate in the G10. This is despite the fact that the United States has actually made greater progress on inflation than most G10 economies." (Jinshi)