The Fed may not begin cutting interest rates until mid-2024, Goldman Sachs economists say

• The Fed's most aggressive policy-tightening cycle since the 1980s has seen interest rates rise from near-zero to over 5%. 
• Goldman Sachs sees the central bank holding interest rates high until at least mid-2024. 
• Economists at the Wall Street bank believe the Fed may not rush to stimulate an already-strong economy.

Goldman Sachs economists don't expect the Federal Reserve to start cutting interest rates until at least mid-2024, and predict the central bank will introduce steady quarter-point reductions from that point onward.

The Fed's most aggressive monetary-tightening campaign since the 1980s saw interest rates rise from near zero to over 5% since last spring, in efforts to combat rampant inflation in the economy.