Goldman Sachs Predicts Strong Growth and Falling Inflation in 2024, But Dimon and Others Caution on Rate Outlook

Goldman Sachs economists forecast strong 2.5% GDP growth in 2024 along with falling inflation and 3 Fed interest rate cuts
They argue this isn't a contradiction because supply-side growth prevents labor shortages driving inflation
Lingering pandemic-era effects like supply chain issues and inventory shortages are fading, exerting further disinflationary pressure
JPMorgan's Jamie Dimon disagrees, warning investors to brace for potentially much higher interest rates and even stagflation
Apollo Global's Torsten Slok believes the Fed won't cut rates at all in 2024 due to persistent inflation