Goldman Sachs: It is currently predicted that the Federal Reserve will cut interest rates by 75 basis points this year
ChainCatcher reports that Goldman Sachs economists currently predict the Federal Reserve will cut interest rates by 75 basis points this year, a smaller reduction than the previously expected 100 basis points. This forecast is more dovish than current market pricing because they believe potential inflation is on a downward trend. Economists also express doubt about whether policy changes from the new Trump administration could lead to an increase in interest rates.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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