The Federal Reserve's future moves on interest rates in 2025 will be in a narrow range unless the trajectory of inflation changes, Goldman Sachs CEO David Solomon said in comments posted on the firm's website on Wednesday.
Treasury yield is hovering just above a six-week low around 4.50% as investors continue to digest Wednesday’s monetary policy update from the Federal Reserve. The U.S. central bank left interest rates unchanged at a range of 4.
Central bank policymakers are widely expected to stand pat on interest rates. Investors await further details from Fed Chair Jerome Powell’s press conference.
The Fed said the job market is “solid,” and noted that the unemployment rate “has stabilized at a low level in recent months.”
Global markets are concentrated in three major ways: U.S. stocks have come to dominate global equity indices, technology as a sector is dominating benchmarks, and there is also a portfolio trend towards large positions in a few single stocks. All this makes the rally more fragile.
The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and President Trump's plans.
Tariffs are a wild-card for inflation this year, but it is too soon to say what any changes will mean for the Federal Reserve, said central-bank newcomer Beth Hammack. In an interview, the Cleveland F
Trump returned to power last week with promises of import tariffs, an immigration crackdown, tax cuts and looser regulation.
The Fed signaled as much at its last meeting in December, when the central bank delivered an interest cut, but hinted that it would take its foot off the gas. Stocks tumbled on the news, and it was one of the worst days of the year for the market.
Goldman Sachs CEO David Solomon cautioned Tuesday that mounting U.S. government debt requires immediate attention, pointing to a recent surge in Treasury yields as a signal of market concerns over federal borrowing.
The U.S. economy grew 2.3% in the fourth quarter as consumers again powered gains. Here's what the showing could mean for Fed plans for more rate cuts