Economy

sprinkleeninow

(20,949 posts) Mon Dec 11, 2023, 05:15 PM Dec 2023

Finance: Goldman Sachs now sees Fed cutting rates as soon as July '24 as inflation cools

https://finance.yahoo.com/news/goldman-sachs-now-sees-fed-cutting-rates-as-soon-as-july-24-as-inflation-cools-201655733.html

5 replies

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Finance: Goldman Sachs now sees Fed cutting rates as soon as July '24 as inflation cools (Original Post) sprinkleeninow Dec 2023 OP

Very much in line with David Rosenberg's take on it a couple months back bucolic_frolic Dec 2023 #1

Don't expect a major cut Fiendish Thingy Dec 2023 #2

Moreover - there's the election to consider peppertree Dec 2023 #3

That's not how the Fed works Fiendish Thingy Dec 2023 #4

I hope you're right. peppertree Dec 2023 #5

bucolic_frolic

(50,337 posts)

1. Very much in line with David Rosenberg's take on it a couple months back

Reply to sprinkleeninow (Original post)

Mon Dec 11, 2023, 06:00 PM

Dec 2023

Fiendish Thingy

(19,287 posts)

2. Don't expect a major cut

Reply to sprinkleeninow (Original post)

Mon Dec 11, 2023, 06:54 PM

Dec 2023

Probably 0.25-0.5% to start, followed by 1-2 more .25% cuts by the end of 2024.

The Fed will give borrowers a bit of breathing room, but nothing to reignite inflation, especially in housing.

peppertree

(22,850 posts)

3. Moreover - there's the election to consider

Reply to Fiendish Thingy (Reply #2)

Wed Dec 13, 2023, 03:06 PM

Dec 2023

And you can bet they're not about to do anything that might erode Needy Amin's chances.

Fiendish Thingy

(19,287 posts)

4. That's not how the Fed works

Reply to peppertree (Reply #3)

Wed Dec 13, 2023, 04:24 PM

Dec 2023

If you think Powell is in the tank for Trump, you’re misinformed.

If the Fed hadn’t hiked aggressively over the past 18 mos, we’d have double digit inflation, which would help Trump more.

peppertree

(22,850 posts)

5. I hope you're right.

Reply to Fiendish Thingy (Reply #4)

Wed Dec 13, 2023, 05:55 PM

Dec 2023

So much is riding on the economy staying more or less strong next year.

Our friends in Argentina are now feeling the consequences of voting based solely on a weak economy.

They've gone from weak, to practically disabled.

https://www.democraticunderground.com/111697244

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