Economics
Goldman Now Sees Fed Cutting Rate Back to Record Low
- Goldman’s Hatzius predicts 50 basis point cuts in March, April
- Goldman previously saw a 25 basis-point cut in each meeting
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Goldman Sachs Group Inc. economists said they now expect the Federal Reserve to slash interest rates back to the record low of 2015 as the U.S. economy stagnates because of the coronavirus.
The Fed will cut its benchmark rate by 50 basis points when policy makers gather on March 17-18 and again at their April 28-29 meeting, Jan Hatzius, Goldman Sachs’s chief economist, said in a report to clients on Monday.