Goldman Sachs economists said on Sunday they are skeptical of 'insurance&qu...
- Goldman Sachs economists said on Sunday they are skeptical of “insurance” U.S. interest rate decreases from the Federal Reserve to forestall possible slowing in U.S. economic growth due to global trade tensions.
“However, we think the hurdle for such cuts is likely to be higher than widely believed,” Goldman economists wrote in a research note published on Sunday. Goldman economists said the three-quarter point in rate cuts in 1995-1996 and 1998, which some analysts point to as recent examples of pre-emptive policy easing from the Fed, were responses to data “rested at least as much on observable deterioration as on an insurance motive.”
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