Shares of exchange-traded funds that buy U.S. Treasury bonds with long-term maturities fell Monday, after three straight weeks of declines, as Goldman Sachs Group analysts forecast the Federal Reserve may cut interest rates next year.
The Federal Open Market Committee could cut rates due to “a recession, a moderate growth scare, or a convincing decline in inflation,” said U.S. economic analyst David Mericle in a Goldman Sachs research note dated Aug. 13. “Our baseline forecast calls for the FOMC to start cutting” the federal-funds…
Read the full article here
