Goldman Sachs Forecasts 'Great Disinflation,' Rate Cuts Fueling 2024 Economic Boom
• Inflation has plunged recently; Goldman Sachs expects 3 consecutive Fed interest rate cuts in 2023 and 5 more by end of 2024
• Chief economist Jan Hatzius predicts "Great Disinflation" as inflation falls toward central bank 2% targets
• Hatzius expects robust GDP growth, low unemployment in 2024 - positive for stocks and risk assets
• But stronger economy could lead Fed to keep rates higher longer if inflation rebounds
• Multiple Wall Street forecasters share optimistic 2024 outlook with rate cuts boosting markets