Goldman Sachs: Expects the Federal Reserve to Cut Interest Rates Twice This Year
ChainCatcher news, according to Golden Ten Data, Lindsay Rosner, Head of Multi-Asset Fixed Income Investing at Goldman Sachs, stated that despite the upward revision of inflation forecasts, the Federal Open Market Committee (FOMC) still maintains an easing bias. Goldman Sachs still believes there is room for two "normalization" rate cuts in 2026, with the specific timing depending on the duration of the conflict.
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BUZZ - Morningstar expects Woodside's revenue growth will outpace global peers by the end of this decade
On October 9, Morningstar predicted that the revenue of Australian oil and gas producer Woodside Energy (WDS.AX) will grow by over 30% by 2030, outpacing any of its international peers. Woodside Energy’s share price dropped by 0.6% on the day to 32.12 AUD, after surging 2.6% in the previous trading session. The stock is poised to end a three-week losing streak, with oil prices rising due to escalating tensions in the Middle East, and is set for a 2.8% weekly gain O/R. Morningstar expects Woodside’s revenue to increase as major new projects come online, and forecasts free cash flow to exceed 7 billion USD after 2030, reflecting a 300% rise from 2025. The report added that market sentiment remains bearish, with the current share price below its estimated fair value of 44.00 AUD. Year-to-date, Woodside’s share price has risen 36.2%, while Santos shares are up 41.3%. (For the convenience of non-English speakers, Reuters has automated the translation of its reports into several languages. Since automated translations may be inaccurate or lack required context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for the convenience of readers. Reuters accepts no liability for any loss or damage arising from your use of automated translation functions.)
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