The Federal Reserve is expected to cut interest rates six times in 2024 as the economy shows signs of cooling down, according to ING. Declining inflation and consumer spending, leading to record-high consumer debt, are driving the decision. Goldman Sachs forecasts a 2% growth for 2024 Q4/Q4 GDP, well above consensus, but expects three consecutive 25bp cuts in March, May, and June, followed by one cut per quarter until the funds rate reaches 3.25-3.5% in 2025Q3. In ESPN fantasy leagues, Christian McCaffrey is on the roster of 58.9% of championship games, marking the first time in 10 seasons anyone has been over 50% tracked by ESPN. The Houthi movement claimed to have targeted the commercial ship MSC UNITED using naval missiles.
The Houthi movement said today that it targeted the commercial ship MSC UNITED using suitable naval missiles. https://t.co/mQtcOofLXd https://t.co/upinKJVLNh
Christian McCaffrey is on roster of 58.9% of championship games in ESPN fantasy leagues. It’s the first time in 10 seasons ESPN has tracked the stat that anyone is over 50%.
Goldman: "Our 2% forecast for 2024 Q4/Q4 GDP growth is well above consensus of 0.9% and the FOMC’s 1.4% forecast" and yet... "We expect three consecutive 25bp cuts in March, May, and June, followed by one cut per quarter until the funds rate reaches 3.25-3.5% in 2025Q3"
GOLDMAN SACHS: "Our most out-of-consensus call for 2024 is our growth forecast." https://t.co/2IiUoFWs26
"Recent developments indicate declining inflation. Consumer spending has not declined, raising consumer debt to record highs. So, it is a mixed bag. We still think in 2024 these conditions will continue. Declining inflation leading to the Fed reducing interest rates will…
The Federal Reserve will cut interest rates 6 times in 2024 as the economy shows clear signs of cooling down, ING has said.