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

[sprinkleeninow]

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

[bucolic_frolic]

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

[Fiendish Thingy]

2. Don't expect a major cut

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]

3. Moreover - there's the election to consider

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

[Fiendish Thingy]

4. That's not how the Fed works

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]

5. I hope you're right.

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