Goldman Sachs economists project that the Federal Reserve will initiate lowering interest rates by the end of next June, with an expected gradual, quarterly pace of reductions. Driven by the desire to normalize the funds rate from a restrictive level once inflation nears its target. With rate cuts anticipated to begin in the second quarter of 2024, the Federal Open Market Committee is expected to bypass a hike next month, concluding that the core inflation trend has slowed sufficiently to render a final hike unnecessary. Goldman’s analysis of the rate cuts reflects a complex decision-making process, acknowledging the significant risk that the FOMC may hold steady. The uncertainty regarding the pace of 25 basis point cuts per quarter aligns with the recent data showing US inflation rising at a slower-than-expected headline rate of 3.2%, and core consumer price index (excluding energy and food costs) running at a 4.7% annual pace. This video provides an in-depth analysis of Goldman’s predictions and the potential implications for monetary policy, inflation trends, and the broader financial landscape. #GoldmanSachs #FederalReserve #InterestRates #Inflation #CPI #MonetaryPolicy
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Economy 0:00
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