Wall Street has pretty much written off the idea of a Fed rate cut at Kevin Warsh’s first meeting Wall Street has largely dismissed the possibility of a Federal Reserve interest rate cut at the upcoming meeting, led by new Fed Governor Kevin Warsh.
The anticipation for a rate reduction had been building in recent weeks, but investors and analysts now believe that any move in this direction is unlikely.
Goldman Sachs economists have trimmed their forecast for a rate cut to just 10% from previous expectations of around 30%.