The Fed may have beaten back inflation and skirted a recession for now, Goldman Sachs says

• The Fed has curbed inflation without causing a recession, Goldman Sachs' chief US economist said. 
• There's "a lot of signs that inflation will fall quite a bit further," David Mericle said.
• The Fed could make its first cut to interest rates by the second quarter of 2024, he said.

The Federal Reserve appears to have beaten back inflation and skirted a recession for now, according to Goldman Sachs' chief US economist. 

In a "Goldman Sachs Exchanges" podcast episode, David Mericle shared his views on the US economy, inflation, and what the Fed's likely to do next.