Recent economic data and expert analysis indicate that the Federal Reserve's efforts may be leading toward a soft landing for the US economy, despite inflation rates remaining above the Fed's target. The Core Consumer Price Index (CPI) and Headline CPI are reported at 3.9% and 3.4% respectively, suggesting a decline in inflation but still above the Fed's 2% target. The downward pressure from energy prices on inflation is diminishing, while core goods prices have little impact on the overall inflation rate. Services inflation has seen a slight decrease from 5.5% to 5.3%. Goldman Sachs' Chief Economist Jan Hatzius expressed confidence that the Fed is on track to achieve a soft landing, without expecting a 'big hit' that could lead to a recession. Furthermore, Goldman Sachs' global head of trading strategy predicts that the Fed will initiate rate cuts starting in March, with a total of four cuts throughout 2024, and that inflation will eventually meet the Fed's 2% target. The expectation that the Fed will pivot away from its current stance is anticipated to end at the next FOMC meeting.
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
US HEADLINE CPI STABILISING AROUND 4% The downward drag of energy prices is fading fast while core good prices are having almost no impact on headline #inflation, with last week’s December CPI inflation exceeding estimates at 3.9%. Services inflation slowed from 5.5% to 5.3% and… https://t.co/fEl7rtMXi2
Fed Watch: Core & Headline CPI at at 3.9% and 3.4% respectively. Still a few quarters away from goal. The Pivot view will end at the next FOMC meeting or when Jan Hatzius at GS Economics capitulates. tl;dr the crowd and Goldman Sachs hallucinated a pivot. https://t.co/iPIoHWHB1g https://t.co/E3kyPSdAsY
Fed Watch: Core CPI and Headline CPI at at 3.9% and 3.4% respectively. Yes, inflation is declining. But, still a long way from goal. It's going to take a few more quarters. The Fed Pivot view will end at the next FOMC meeting or when Jan Hatzius at GS Economics capitulates. https://t.co/E3kyPSdAsY