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- Fed rates to stabilize at 3.0%–3.25% range, rate cut expected in Q2 2024 – Goldman Sachs
Fed rates to stabilize at 3.0%–3.25% range, rate cut expected in Q2 2024 – Goldman Sachs
Goldman Sachs’ (GS) latest report unveils dovish bias about the US Federal Reserve (Fed) as it anticipates the peak rates to be around 3.0% to 3.25% within the analytical piece published during the weekend.
The GS also expects the Fed to start cutting interest rates from the second quarter (Q2) of 2024.
The US bank’s analyst Carl Quintanilla also tweets that the GS expects 25 basis points (bps) of rate cuts per quarter while also forecasting faster rate cuts in case the US policymakers think the inflation problem is less likely to return.
Also read: US Dollar Index: DXY traces sturdy yields to print five-week high near 103.00 ahead of Fed Minutes
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