Goldman Sachs' Chief Economist, Jan Hatzius, and other economists believe that the Federal Reserve is on track to achieve a soft landing for the economy, with expectations of a total of four interest rate cuts starting in March 2024. They also anticipate inflation hitting the central bank's 2% target. This contrasts with earlier predictions of an inevitable U.S. recession due to the Fed's big miss on inflation. Former St. Louis Fed President James Bullard also expects interest rate cuts to come before inflation hits 2%.
(WSJ) -- Former St. Louis Fed President James Bullard said he expects the Federal Reserve to begin lowering interest rates before inflation hits 2%, and that cuts could come as soon as March. @DionRabouin @WSJ #FOMC https://t.co/MggNwDhIkH
A U.S. recession was inevitable, economists thought — until it wasn’t https://t.co/Ce8Nxwsnnb
$GS CHIEF ECONOMIST: NOT EXPECTING ‘BIG HIT’ THAT WOULD CAUSE #RECESSION
$GS CHIEF ECONOMIST: #FED IS ON ITS WAY TO ACHIEVING A SOFT LANDING
The Federal Reserve is on track to achieve a soft landing, Goldman Sachs Chief Economist Jan Hatzius said, adding that a March rate cut "would make sense" https://t.co/fl1jm8ehJK
Goldman Sachs Chief Economist says the US Fed will achieve a soft landing for the economy https://t.co/ugXtpNts4f
Goldman Sachs Chief Economist Hatzius: Fed Is On Its Way To Achieving A Soft Landing - BBG TV - Not Expecting ‘Big Hit’ That Would Cause Recession
GOLDMAN SACHS' CHIEF ECONOMIST JUST SAID HE THINKS JEROME POWELL AND THE 🇺🇸 FED ARE ON THEIR WAY TO ACHIEVING A SOFT LANDING GOLDMAN SACHS CHIEF ECONOMIST: NOT EXPECTING ‘BIG HIT’ THAT WOULD CAUSE RECESSION
GOLDMAN SACHS CHIEF ECONOMIST HATZIUS: NOT EXPECTING ‘BIG HIT’ THAT WOULD CAUSE RECESSION
GOLDMAN SACHS CHIEF ECONOMIST HATZIUS: FED IS ON ITS WAY TO ACHIEVING A SOFT LANDING
Goldman Sachs' global head of trading strategy just said he thinks Jerome Powell and the 🇺🇸 Fed will start cutting rates in March with a total of 4 cuts in 2024 Schiffrin added that he thinks inflation will also hit the Fed's 2% target - Bloomberg https://t.co/oE4xvynHk0
The Fed will lower interest rates starting in March for a total of four times this year and inflation will hit the central bank’s 2% target, according to Joshua Schiffrin, Goldman Sachs Group’s global head of trading strategy. https://t.co/uKozVciZXZ
The Fed's big miss on inflation has doomed the US to recession this year, top economist says https://t.co/evrCK2INAr
Recession was inevitable, economists said. Here’s why they were wrong. https://t.co/9obVBoWhFZ
⚠️ BIS CHIEF SAYS CENTRAL BANKS ON CUSP OF HOLY GRAIL: A SOFT LANDING (Reuters) The world's biggest central banks may be on the verge of securing the holy grail of monetary policy: an economic soft landing, despite the sharpest interest rate hikes in decades, the head of a…