ICYMI (posted Monday) – Goldman Sachs predicts three Fed charge cuts in 2024

An ICYMI from a submit on Monday, this transformation from GS is getting some consideration:

• Goldman Sachs expect 3 Federal Reserve rate cuts in 2024 (from 4 previously)

GS cited

• “The recent uptick in US inflation—we expect 0.29% mom for February core PCE, up from a 0.13% average in Q4—has prompted us to soften our baseline Fed call to three 25bp cuts this year (vs. four previously) in June”

The Federal Open Market Committee (FOMC) meet this week, the assertion is due at 2pm US Japanese time on Wednesday, 20 March 2024:

Earlier previews:

• The dot plot is overrated but even the minute details will matter this time
• BofA: Here is what we expect from this week’s FOMC meeting

This text was written by Eamonn Sheridan at www.forexlive.com.