Goldman Sachs Federal Reserve outlook and what to watch for in the US dollar

Author: Eamonn Sheridan | Category: Central Banks

Via a GS note overnight on the Fed and USD -  not looking for as deep cuts from the FOMC as the market is expecting

  • GS expect another 50bp of rate cuts
  • expects the USD to weaken over the medium-term
  • but downside will likely be limited in near term - modest move higher against Asian EM currencies and EUR
  • USD still seen as a 'haven' - will limit downside
  • Path ahead depends on the relative growth and policy outlook -- and we should get clearer signs on both in the next month or two 
Via a GS note overnight on the Fed and USD -  not looking for as deep cuts from the FOMC as the market is expecting


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