A weekend observe from Goldman Sachs on their Federal Open Market Committee (FOMC) outlook, in short:
- Inflation has been firmer in current months, however we predict it’s nonetheless on monitor to fall sufficient by the June FOMC assembly for a primary reduce
- This has change into much less apparent although, and our inflation path for the remainder of the yr is now in a spread the place small surprises may have giant penalties
- We now anticipate 3 cuts in 2024 (vs. 4 beforehand), primarily due to the marginally increased inflation path
- We proceed to anticipate 4 cuts in 2025 and now anticipate 1 remaining reduce in 2026
This text was written by Eamonn Sheridan at www.forexlive.com.
