Goldman Now Forecasts a 50 Points Rate Cut by Fed

The Federal Reserve may be on its way to delivering a half-point interest rate cut next month even though economic conditions don’t seem to warrant such an aggressive move, according to Goldman Sachs economists. In a substantial revision to its prior forecasts that the central bank would stand pat, Goldman now sees a likelihood of […]

Trade War Deal More Important than Fed Cut

Art Hogan is more worried about the U.S.-China trade war than whether the Federal Reserve will cut interest rates. Hogan, National Securities’ chief market strategist, believes the Fed made the right decision Wednesday to communicate openness to cutting rates at its next meetings. But Hogan warns that won’t be enough to stymie a market drop […]

Crude Surges After Iran Shoots Downs US Drone

Oil rose more than 3% toward $64 a barrel on Thursday after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington. Expectations that the U.S. Federal Reserve could cut interest rates at its next meeting, stimulating growth in the world’s largest oil-consuming country, and a drop in […]