Wall Street sees return to near zero


As trade tensions escalate and economic indicators weaken, Wall Street is beginning to anticipate more aggressive interest rate cuts for the Federal Reserve, with at least one forecast going so far as seeing a return to near-zero.

Economists now see the likelihood of three quarter-point reductions before the end of the year, along with multiple moves in 2020 until it becomes clear that the U.S. central bank has staved off a recession. The anticipation comes as Goldman Sachs just announced that it reduced its GDP projections by 0.2 percentage points and Bank of America Merill Lynch said it sees increasing chances of a recession in the next 12 months.

Other forecasters on the Street are…


The Walton family gets $100 million richer every single day

Previous article

Investors, ‘starved for returns,’ flood private markets

Next article

You may also like

Leave a Reply

Notify of

More in Investing