Expert Insights: Morgan Stanley and Goldman Sachs diverge on Fed rate cut forecasts ...Middle East

Morgan Stanley economists are forecasting that Federal Open Market Committee (FOMC) will make deep interest-rate cuts over the next two years as inflation cools.Goldman Sachs, on the other hand, expect fewer reductions and a later start. Bloomberg have a piece up comparing the divergent views. Bloomberg is gated but the main points are:MS expect the Fed to start cutting rates in June 2024then cut again in September and every meeting from Q4 2024 onwardcut by 25-basis point each time will therefore take Fed Funds down to 2.375% by the end of 2025 Goldman Sachs' projection initial 25-basis-point reduction in Q4 2024one cut per quarter through to the middle of 2026total of 175 basis points in

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