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Goldman’s Hatzius Sees US Soft Landing, Basis for March Fed Cut

From bnnbloomberg.ca

The Federal Reserve is on track to achieve a soft landing in the US economy, Goldman Sachs Group Inc.’s Chief Economist Jan Hatzius said, adding that a March interest rate cut “would make sense.” “The Fed is on its way to achieving the soft landing, obviously no guarantees, but I like what I’m seeing,” Hatzius told Bloomberg Television in an interview Tuesday in Hong Kong. He said an easing by the Fed in March remains Goldman’s baseline as it would be consistent with the trajectory of consumer prices — and comments last month by Fed Chairman Jerome Powell that it would like to cut before inflation returns to 2%. Read ... (full story)

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  • Category: Fundamental Analysis