An economist who recently forecast 9 rate cuts now predicts only 2 as growth picks up

• The strong US economy has caused one economist to pull a U-turn on his 2024 forecast.
• Macquarie economist David Doyle said he now expects just two interest rate cuts this year and no recession in 2024 or 2025.
• Doyle had previously expected as many as nine interest rate cuts just two months ago.

The strength of the US economy continues to surprise economists following the better-than-expected January jobs report.