Goldman Sachs: Markets Overreacting to Oil, Fed Hikes
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Goldman Sachs challenges markets overreaction to oil price surge and Fed rate hike expectations. They argue that investors are misinterpreting historical data, pricing in a high chance of rate hikes by year-end. Despite oil prices soaring past $110, Goldman believes the panic is unwarranted, drawing parallels to the 1990 oil crisis when the Fed cut rates instead of raising them. They predict cuts starting in September and December, despite rising recession odds, if oil prices cool down within six weeks.
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