Goldman says today to keep an eye on the language used by the Fed chair, whom the bank says will probably shift to favor tighter policy going forward.
The Federal Reserve is expected to cut rates for a third time this year on Wednesday. All eyes will be on Jerome Powell's statements about the Fed's future policy stance. Goldman Sachs expects that the Fed will become more"hawkish" on policy, posing a risk to bond yields and dollar weakness. "The FOMC has delivered a 'dovish' policy shock — meaning equities higher and yields lower—with declining frequency.
The Federal Reserve is expected to cut rates for a third time this year on Wednesday. All eyes will be on Jerome Powell's statements about the Fed's future policy stance. Goldman Sachs expects that the Fed will become more"hawkish" on policy, posing a risk to bond yields and dollar weakness. "The FOMC has delivered a 'dovish' policy shock — meaning equities higher and yields lower—with declining frequency.
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