Goldman Forecasts 25 bps Cuts at Every Meeting, Targeting 3.25%-3.5%
TradingKeySep 25, 2024 9:56 AM
TradingKey - Goldman Sachs forecasts consecutive 25 basis point cuts from November 2024 to June 2025, bringing the federal funds rate to a terminal range of 3.25%–3.5%. Previously, they projected continuous cuts this year and quarterly cuts next year.
Source: Goldman Sachs
Before the September rate decision, Goldman Sachs had consistently predicted a 50 basis point rate cut, which proved to be accurate.
For November, Goldman sees both 25 and 50 basis point cuts as possible, depending on the next two jobs reports, especially unemployment trends.
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