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Goldman’s Hatzius sees no need for a Fed rate cut
Ahead of the Federal Reserve’s monetary-policy meeting on Tuesday and Wednesday, MarketWatch talked with Jan Hatzius, chief economist at Goldman Sachs, about the outlook for the U.S. central bank. As financial markets — and President Donald Trump — have cried out for rate cuts, Hatzius has remained skeptical all year about the need for lower rates and still doesn’t think a July cut is necessary. But one is coming anyway, he said, followed, probably, by another in September. And that’s it. Then the bond market might have to reprice. The Goldman GS, -0.40% economist thinks the bond market’s flat yield curve ... (full story)