Former Dallas Fed President: If the August employment report is "relatively solid", it may prompt the Fed to cut interest rates by 25 basis points
2024-09-04 12:38:37
Odaily News In an interview with Goldman Sachs' monthly research magazine "Top of Mind", former Dallas Fed President Kaplan said that the Fed may be behind the curve, but only for one or two meetings. He does think the Fed should start cutting interest rates. Kaplan said he is also paying attention to the data, including the August employment report to be released on Friday. He said that a "relatively solid" data would prompt the Fed to cut interest rates by 25 basis points, but if this data and other data are weaker than expected, the Fed may also cut interest rates by 50 basis points. (Jinshi)
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