In a note published by Goldman’s chief economist Jan Hatzius, he asks rhetorically “Why Cut?” and provides several good fundamental, economic reasons why there is no reason whatsoever for Powell to announce at the end of this month that the US central bank has commenced an easing process. Some of the key arguments are the following:
https://www.zerohedge.com/news/2019-07-08/even-goldman-admits-fed-has-lost-control
