Goldman Sachs laid off some 3,000 people this week.REUTERS/Andrew Kelly The Fed's most aggressive policy-tightening cycle since the 1980s has seen interest rates rise from near-zero to over 5%. Goldman Sachs sees the central bank holding interest rates high until at least mid-2024. Economists at the Wall Street bank believe the Fed may not rush to stimulate an already-strong economy. Goldman Sachs economists don't expect the Federal Reserve to start cutting interest rates until at least mid-2024, and predict the central bank will introduce steady quarter-point reductions from that point onward.The Fed's most aggressive monetary-tightening campaign since the 1980s saw interest rates rise from near zero to over 5% since last spring, in efforts to combat rampant inflation in the economy.And though Goldman sees rate cuts as the natural next step in the Fed's policymaking, its economists don't see this happening before at least the end of the second-quarter of 2024 – later than the market consensus.In a note published at the weekend, Goldman economists Jan Hatzius and David Mericle explained the reasoning behind their predictions.
The Fed May Not Begin Cutting Interest Rates Until Mid-2024, Goldman Sachs Economists Say
jwilkins@insider.com (Joseph Wilkins), Business Insider
Tue, 08/15/2023 - 6:12am
Topics: reuters/andrew kelly the fed economists wall street federal reserve jan hatzius david mericle the fomc cme fedwatch tool fed funds rate march s&p ai business insider goldman sachs fed goldman mericle mid-2024 cutting interest rates market bank steady inflation rise central risk aggressive rush wrote already-strong hold sees significant economy prices stimulate stock
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more