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Goldman Sachs
Goldman Sachs.

AP

  • The Federal Reserve definitely won't cut interest rates this year, a top Goldman Sachs strategist said. 
  • Whether or not the Fed will cut rates in the first or second quarter of 2024 is still 'up for debate,' Lotfi Karoui told CNBC.
  • "I would call it a soft landing as opposed to no landing," he added.

Stock market investors shouldn't expect the Federal Reserve to reverse course and start cutting interest rates this year, according to a top Goldman Sachs strategist. 

But it will pull off a "soft landing" and bring inflation down without the US economy slipping into a recession, Lotfi Karoui told CNBC on Thursday.

"No pivot. Certainly no cuts in 2023," said Karoui, the Wall Street bank's chief credit strategist.

Tags
Markets, MI Exclusive, Goldman Sachs, Recessions, The Fed, Recession, US Economy and Markets, soft landing, no landing
Source
We 'definitely' won't see the Fed cutting interest rates this year but it will …