Posted 12/16/2023, 1:46:00 PM
Wall Street Shifts Rate Cut Outlooks Earlier After Fed Signals
- The Fed signaling further rate cuts in 2024 sparked a major shift in outlooks on Wall Street
- Forecasters now expect more interest rate cuts, happening earlier in 2024 than previously thought
- Goldman Sachs sees the Fed cutting rates faster, with 3 cuts of 25bps each in March, May, and June
- JPMorgan now forecasts the first rate cut happening in June rather than July
- Macquarie keeps its view of 9 rate cuts totaling 225bps unchanged, with cuts starting in Q2 2024