Goldman Sachs CEO David Solomon believes the most likely outcome is a 25-basis-point cut at the Fed’s September meeting, with the odds of a 50-bps cut slightly over 30%. He expects the Fed to cut rates two or three more times before the end of the year. If the labor market weakens further, a 50-bps cut would be justified. He also observed that CEOs attending consumer forums remain highly optimistic ...
$Dow Jones Industrial Average (.DJI.US)$$Nasdaq Composite Index (.IXIC.US)$$S&P 500 Index (.SPX.US)$ The 2024 FOMC Meeting is scheduled for September 18 at 14:00 ET /September 19 at 2:00 AM SGT/September 19 at 4:00 AM AEST. Subscribe to join the live NOW! The Federal Reserve will lower interest rates by 25 basis points at each of the U.S. The central bank's three remaining policy meetings in 2024, found only nine of 101 expected a half-percentage-point cut next week. With inflation...
I expect the Federal Reserve will start next week by reducing its policy rate by 25 basis points to a range between 5% to 5.25%. Over the next year, we expect the Fed to cut its policy rate to at or near 3.25%, which we think is vicinity of the neutral rate in the post-pandemic economy. That rate would imply a real neutral rate, after adjusting for inflation, of around 1% to 1.5%. Recent economic data has been solid enough, with service and...
Another potential up trend 50% for$NVIDIA (NVDA.US)$this year 🏆 OpenAI plans to transform its corporate structure from a nonprofit organization to a for-profit model to attract more investment. The company is in negotiations with investors, including funds supported by the UAE government, with a goal of raising up to $7 billion in funding. This financing round is expected to bring OpenAI's valuation to $150 billion, nearly double that of Nvidia, a leading...
He also observed that CEOs attending consumer forums remain highly optimistic ...
The 2024 FOMC Meeting is scheduled for September 18 at 14:00 ET /September 19 at 2:00 AM SGT/September 19 at 4:00 AM AEST. Subscribe to join the live NOW!
The Federal Reserve will lower interest rates by 25 basis points at each of the U.S. The central bank's three remaining policy meetings in 2024, found only nine of 101 expected a half-percentage-point cut next week. With inflation...
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Break out following next weeks #Fomc meeting on rate cuts and or dump on bad news or no news at all from the most recent pump.
It could also do nothing but unlikely imo
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Over the next year, we expect the Fed to cut its policy rate to at or near 3.25%, which we think is vicinity of the neutral rate in the post-pandemic economy. That rate would imply a real neutral rate, after adjusting for inflation, of around 1% to 1.5%.
Recent economic data has been solid enough, with service and...
OpenAI plans to transform its corporate structure from a nonprofit organization to a for-profit model to attract more investment. The company is in negotiations with investors, including funds supported by the UAE government, with a goal of raising up to $7 billion in funding.
This financing round is expected to bring OpenAI's valuation to $150 billion, nearly double that of Nvidia, a leading...
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