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Strategies & Market Trends : Humble1 and Swing Trading Friends
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From: humble110/17/2024 1:06:26 AM
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Goldman re: Rate Cuts

Goldman Sachs (GS.N) said on Wednesday it expects the U.S. Federal Reserve to deliver consecutive 25-basis-point (bps) interest rate cuts from November 2024 through June 2025 to a terminal rate range of 3.25-3.5%.

Last month, the U.S. central bank cut the overnight rate by half a percentage point, citing greater confidence that inflation will keep receding to its 2% annual target.

The overnight rate, which guides how much interest banks pay each other and affects rates for consumers, is now at 4.75%-5.00%.

Markets are currently pricing in a 94.1% chance for a cut of 25 bps at the Fed's next meeting, with only a 5.9% chance the central bank will hold rates steady, according to CME's Fedwatch Tool.
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