Goldman Sachs project 25bp Federal Reserve March rate cut, followed by another 4 this year ...Middle East

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Goldman Sachs have raised their economic growth forecast for the US in 2024:to 2.3% from 2.1% previouslyGS says they see a much lower risk of recession compared with other analystsGoldman Sachs's Federal Open Market Committee (FOMC) outlook:see the first Fed funds rate cute at the March meeting this year see a total of five cuts in 2024 (Fed Funds are currently 5.25% to 5.5%, five 25 bp cuts would bring them to 4% to 4.25%)"The Fed will start cutting the funds rate soon, most likely in March. After all, Chair Powell said at the December 13 press conference that the committee would want to cut 'well before' inflation falls to 2%," Goldman economist Jan Hatzius wrote in a research note. "Howe

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