Goldman Sachs: Fed to Start Rate Cuts in Q2 2024

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So the fed, you're right, has raised rates 11 times since March of last year as it does try to bring down inflation, inflation of course has cooled from its peak last summer of 9.1% but still remains above the fed's long term 2% target. Economists at Goldman Sachs are predicting the central bank will start lowering rates sometime in the second quarter of 2024. That's by the end of next June. But that's still a ways off. The analysts also predict the FED will not raise rates at its next meeting in September or the following one in November. Once rate cuts start, gold economists say they predict cuts of a quarter percent about every three months but that they're uncertain about that pace. Lower inflation rates would mean relief for Americans who are seeing higher rates on mortgages, car loans and other big purchases.