Two strategists are out with their projections for FOMC rate cuts in 2024:
- Lazards strategists Temple still sees three cuts by the end of the year
- Goldman Sachs expects the FOMC to cut rates by 25 basis points in September, followed by quarterly cuts to a terminal rate of 3.25% – 3.5%.
Fed's Powell today passed on a question regarding a September cut. The Fed chair did say that we are back in a disinflationary environment. but remains cautious on cutting too soon.
