Goldman Sachs Chief Economist Jan Hatzius has expressed confidence in the Federal Reserve’s plan for three interest rate cuts this year, despite differing opinions from other Fed officials. Hatzius remains optimistic about the US economy, projecting growth close to 3% in 2024. He believes this growth can coexist with a slowdown in inflation, predicting the core personal consumption expenditures price index to fall to 2.4% by the end of the year and 2% in 2025. While there are differing opinions on the rate cuts, Hatzius would be surprised if there were no rate cuts this year. The Federal Reserve maintained interest rates in their last meeting but signaled their intention for three rate cuts this year. However, market expectations have become more cautious, reflecting a potential shift in the outlook.
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Goldman Sachs Chief Economist: No Rate Cuts This Year Would Be ‘Very Surprising’ | Cryptoglobe
