Goldman Predicts Five Fed Rate Cuts in 2024 Amid Great Disinflation
• World has entered "great disinflation," will allow Fed to cut rates • Goldman predicts Fed will cut rates 5 times in 2024, starting in March • Cuts will likely be 3 back-to-back 25 basis point cuts March-June • Powell's recent dovish comments signal cuts coming sooner than expected • Goldman raises S&P 500 target to 5,100 in 2024 on outlook for rate cuts