Goldman Sachs says we are facing inflation if not for definitions, expecting federal reserve reduction rates later this year – here when
Robert Kaplan, Vice Chairman of Goldman Sachs, believes that the American economy will be in a shrinkage position at the present time if not President Donald Trump.
Kaplan, former head of the Federal Reserve Bank in Dallas, Recount CNBC in a new interview The modern inflation figures indicate the possibility of price discounts later this year.
“We are in a world that is not experienced, and I think that if it is not related to these potential definitions that will flow and circulate, I think the Federal Reserve will be on its front foot to look forward to lowering prices now.”
Economic inflation It increased by 2.4 % In May, according to the work statistics office. This was a little less than the 2.5 % increase in economists.
Kaplan notes that the Federal Reserve will be seen to see where the definitions are set in the next few weeks and how they flow through the economy.
“I think that if I am at the Federal Reserve, it will encourage me that after we exceeded the horizon, the effect of the tariff may be more audio than I am afraid.”
The Vice President of Goldman also comments on FED FUTUTS,, Which is estimated that the market may be changed to changes at the standard interest rate of the Federal Reserve at the meetings of the upcoming Federal Open Market Committee (FOMC).
“In a direction, what I do from the future of the federal reserve is the first meeting where a real possibility is a useful cutting is September.
So what I took from him, which I think is right, is not a procedure in June, is unlikely in July.
Nevertheless, the Federal Reserve is likely to prepare itself and prepare in its comments that it may take action in the fall. But we still do not know what the customs tariff prices are, and we still have a budget bill and taxes that have not yet been approved, and we will see during the summer what are the details of that. “
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