Goldman Sachs: Fed to deliver the final rate cut for 2019 next week

Omkar Godbole FXStreet Contributor

The US Federal Reserve will deliver the third and final 25 basis point rate cut of 2019 at the Oct. 30 meeting, according to Goldman Sachs' analysts.

The investment bank expects interest rates to remain below 2% through to the next year's Presidential elections.

As of writing, traders are pricing a 93.5% chance of the Fed is trimming interest rates by 25 basis points to 1.5% to 1.75% target range on Oct. 30, according to CME's FedWatch tool.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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