Goldman Sachs FOMC recap: “A pause is the baseline”


Eamonn Sheridan

Eamonn Sheridan

Thursday, 04/05/2023 | 00:42 GMT-0

04/05/2023 | 00:42 GMT-0

Goldman Sachs Economics on Wednesday’s Federal Open Market Committee (FOMC).

On recession risk:

And, expanding on policy implications:

  • The nod toward a June pause was not quite as strong as we had expected
  • Chair Powell emphasized twice that [the removal of earlier guidance] is a ‘meaningful change.’
  • GS conclude:
  • supportive of our call for a pause in June

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