Goldman: We continue to see a FOMC cut in September. Lazard sees 3 rate cuts in 2024

Two strategists are out with their projections for FOMC rate cuts in 2024:

• Lazards strategists Temple still sees three cuts by the end of the year
• Goldman Sachs expects the FOMC to cut rates by 25 basis points in September, followed by quarterly cuts to a terminal rate of 3.25% – 3.5%.

Fed’s Powell today passed on a question regarding a September cut. The Fed chair did say that we are back in a disinflationary environment. but remains cautious on cutting too soon.

This article was written by Greg Michalowski at www.forexlive.com.