- #Goldman Sachs economists predict that the Federal Reserve will start lowering interest rates by the end of Q2 2024.
- The rate cuts will be gradual and occur quarterly.
- The primary reason for the rate cuts is to normalize the funds rate as inflation gets closer to the target.
- The Goldman #team anticipates rate cuts to begin in Q2 2024, and they expect the Federal Open Market Committee (FOMC) to skip a rate #hike next month.
- The recent #US inflation data shows a slower-than-expected increase, with a headline rate of 3.2% and a core consumer price index of 4.7%.
- The Goldman #economists project that the funds rate will eventually stabilize around 3-3.25%.
