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Jerome Powell
Federal Reserve Chairman Jerome Powell participates in a meeting of the Financial Stability Oversight Council at the U.S. Treasury on July 28, 2023 in Washington, DC. The council met to deliver an update on the Council’s Climate-related Financial Risk Committee and spoke on the transition from LIBOR.

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  • The Federal Reserve will cut interest rates just 3 times in 2024, according to Goldman Sachs.
  • The bank lowered its forecast for 4 interest rate cuts after elevated inflation data.
  • "Our inflation path for the rest of the year is now in a range where small surprises could have large consequences," Goldman Sachs said.

Higher-than-expected inflation readings over the past two months have led Goldman Sachs to revise its 2024 interest rate forecasts.

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economy, Markets, interest-rates, Inflation, federal-reserve, analyst-note, Markets, jerome-powell, goldman-sachs, economy
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Goldman Sachs now sees just 3 rate cuts in 2024 amid persistently hot inflation