{"id":34892,"date":"2025-01-15T09:55:24","date_gmt":"2025-01-15T06:55:24","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=34892"},"modified":"2025-01-15T09:24:59","modified_gmt":"2025-01-15T06:24:59","slug":"goldman-sachs-and-bank-of-america-revise-fed-expectations","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/goldman-sachs-and-bank-of-america-revise-fed-expectations\/","title":{"rendered":"Goldman Sachs and Bank of America Revise Fed Expectations"},"content":{"rendered":"

Bank of America<\/strong>, Citigroup<\/strong>, and Goldman Sachs<\/strong> economists revised their predictions for the Fed’s interest rate cuts this year after the stronger-than-expected U.S. December nonfarm payroll data<\/strong>. The unexpectedly high job growth figures have led some Wall Street banks to alter their rate cut<\/strong> expectations.<\/p>\n

Previously anticipating two 25-basis-point cuts this year, Bank of America<\/strong> announced it now expects no rate cuts. The bank highlighted the risk of the Fed\u2019s next move being a hike rather than a cut.<\/p>\n

Citigroup<\/strong> maintains its forecast of five 25-basis-point rate cuts but shifted the timeline, expecting cuts to start in May<\/strong> rather than January. Meanwhile, Goldman Sachs<\/strong> lowered its forecast to two rate cuts this year, down from three.<\/p>\n

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