Goldman Sachs Bets Big: No More Rate Hikes In 2023, Wave Of Cuts In 2024

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In a bold move, Goldman Sachs is betting against the prospect of further Federal Reserve interest rate hikes. David Mericle, an economist at the firm, doubled down on this prediction in a recent note to clients. As the Federal Open Market Committee (FOMC) gears up for its meeting Wednesday, the consensus is leaning towards the Fed holding off on rate hikes. But the real question is whether the Fed will hint at potential future hikes. Goldman Sachs believes that the Fed may signal another hike down the road, but they’re skeptical that it will come to fruition. According to the investment bank, …

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