Fed's Kashkari raises prospect of zero rate cuts — but Goldman says that would be 'very surprising'
Publishing timestamp: 2024-04-05 08:27:55
Summary
Goldman Sachs Chief Economist Jan Hatzius expects three interest rate cuts from the Federal Reserve this year, despite some officials floating the possibility of zero rate reductions in 2024 if inflation remains stable. Hatzius remains optimistic about the U.S. economy and projects a 3% growth rate this year. Fed Chair Jerome Powell's comments have left the timing of potential interest rate cuts uncertain. Market participants are closely monitoring U.S. jobs data for further clues on the labor market and inflation.
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Keywords: u.s. economy, markets, inflation, goldman sachs group inc, breaking news: markets, interest rates, business news,