Goldman Sachs: Fed Expected to Cut Rates 5 Times in 2023, Lowering Yields for Savers
- Goldman Sachs expects the Fed to cut interest rates 5 times in 2023, starting in March
- Cuts would bring the federal funds rate from current 5.25-5.5% down to 4-4.25%
- Lower rates could mean dipping yields for savers and CDs
- Mortgage rates expected to stay around 6% in 2023
- Traders see 73% chance of a March cut