{
The Goldman Sachs Group, Inc.

Companies

}

big banks divided on pace of federal reserve interest rate cuts

Wall Street's major banks are divided on the pace and depth of Federal Reserve interest rate cuts, following a surprise half-point reduction. Goldman Sachs anticipates quarter-point cuts at each meeting until June, while JPMorgan forecasts another half-point cut in November, contingent on labor market conditions. Other banks, including Bank of America and Citigroup, predict additional cuts totaling 75 basis points this year, with varying expectations for 2025.
@YahooFinance
United States Dollar JPMorgan Chase & Co. The Goldman Sachs Group, Inc. Barclays PLC Deutsche Bank Aktiengesellschaft Bank of America Corporation Citigroup Inc. USA Alex Cohen Marc Giannoni Aditya Bhave Mark Cabana Matthew Luzzetti Show more
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