Goldman goes there: “pre-election rate cut”

Friday, 15 February 2019

Goldman yesterday pushed out its rate hike expectations to mid-2020:

We still view the most likely scenario as one in which the economy navigates a key risk period over the first half of 2019 and interest rates edge higher over the medium term – albeit somewhat later than we previously forecast.

…We have some sympathy for current pricing in financial markets over the next 6 months, but think the market is too dovish on rates beyond that.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.