Goldman Sachs: Threshold for Fed to increase rate cuts is low
Goldman Sachs Asset Management multi-sector head of investment Lindsay Rosner said: the Fed did what the market wanted. The market is satisfied with the Fed. The market is still ahead of the Fed, which is expected to continue to cut rates by 75 basis points this year (the Fed's dot plot shows 50 basis points). Since the unemployment rate and PCE estimates are very close (to current levels), the Fed could easily cut rates more (than shown in the dot plot).
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