Reported about 1 month ago
Goldman Sachs forecasts that the U.S. Federal Reserve will implement consecutive 25-basis-point interest rate cuts from November 2024 to June 2025, reducing the rate to a range of 3.25-3.5%. This follows a recent cut of half a percentage point motivated by a belief that inflation will continue to decline toward the target of 2%. Current market expectations favor a 94.1% probability of a 25-bps cut in the Fed's upcoming meeting.
Source: YAHOO