Goldman Sachs projects US Fed rate cut will come June 2024
Wall Street giant predicts rates will be gradually lowered to 3 per cent from Q2 next year
Goldman Sachs economists anticipate the US Federal Reserve will start lowering interest rates by the end of next June, with a gradual, quarterly pace of reductions from that point.
“The cuts in our forecast are driven by this desire to normalize the funds rate from a restrictive level once inflation is closer to target,” Goldman economists including Jan Hatzius and David Mericle wrote in a note dated Sunday.
For now, the Goldman team is pencilling ...