Goldman, BofA Delay Fed Cut Calls After ‘Last Straw’ Jobs Data

Goldman, BofA Delay Fed Cut Calls After 'Last Straw' Jobs Data

(Bloomberg) — Goldman Sachs & Co and Bank of America Corp are the latest in a growing cohort of Wall Street banks pushing back their forecasts for interest-rate cuts, arguing that both jobs and inflation data make a case for the Federal Reserve to keep rates on hold until at least the end of the year.

Goldman Delays Fed Rate-Cut Timing, But Warns Risks Are Asymmetrically Negative From Here

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Goldman, BofA Delay Fed Cut Calls After ‘Last Straw’ Jobs Data

Goldman Sachs, Bank of America delay Fed cut forecasts after jobs data – #CryptoUpdatesGNIT

The two words crypto investors least want to hear right now: “higher” and “longer.” Goldman Sachs and Bank of America have both pushed back their timelines for Federal Reserve interest rate cuts, responding to an April jobs report that came in hotter than expected. The US economy added 275,000 jobs in April, comfortably beating labor market forecasts and giving the Fed zero urgency to loosen monetary policy. Goldman Sachs now projects the first …

BofA drops blunt warning about Fed rate cuts

BofA Global Research is the latest brokerage to revise its ​Federal Reserve rate-cut forecast to much later dates, citing elevated inflation due to high energy prices and growing strength in the labor market. BofA Global Research now expects the Fed…