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

An ICYMI from a post on Monday, this change from GS is getting some attention:

• 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 statement is due at 2pm US Eastern 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 article was written by Eamonn Sheridan at www.forexlive.com.