How does Goldman Sachs view the "three handles" and Powell's statement? Goldman Sachs: The leadership of the Federal Reserve believes that a 25 basis point rate cut in September is the benchmark scenario.
The non-farm payroll data in August was mixed, and the extent of interest rate cuts in September remains uncertain. Goldman Sachs interprets from statements by senior officials of the Federal Reserve that the Fed leadership believes a 25 basis point rate cut in September is the baseline scenario, but if the labor market continues to deteriorate, they are willing to cut rates by 50 basis points at subsequent meetings.
Goldman Sees Fed Base Case for 25bp Rate Cut in Speeches by Bank Leaders Waller, Williams
Ishares Iboxx $ High Yield Corporate Bond Etf Options Spot-On: On September 6th, 364.88K Contracts Were Traded, With 6.04 Million Open Interest
On September 6th ET, $Ishares Iboxx $ High Yield Corporate Bond Etf(HYG.US)$ had active options trading, with a total trading volume of 364.88K options for the day, of which put options accounted
The Fed Needs to Cut More Than Once for Stocks to Be Attractive Vs. Bonds – Analyst
Treasury Yields Fall After August Jobs Report, US10Y Hits Lowest Level Since June 2023
The probability of a 50 basis point rate cut soaring! The employment numbers in the USA rebounded in August as expected, with a significant downward revision of the previous value.
The August non-farm employment rebounded as expected to 0.142 million, lower than the expected 0.16 million; the unemployment rate fell to 4.2%, in line with expectations; After the data was released, the probability of a 50 basis point rate cut by the FOMC in September rose above 50%; The yield on the 10-year US Treasury bond further plunged to 3.66%, and the pre-market decline in US stock futures narrowed.