Goldman Sachs now sees just 2 interest rate cuts in 2024 with auto insurance keeping inflation hot

• The Fed is going to cut interest rates just two times in 2024, according to Goldman Sachs.
• The bank lowered its rate cut forecast from three to two following a hot March inflation report.
• "We are pushing back our forecast of the first rate cut from June to July," Goldman Sachs said.

The Federal Reserve will cut interest rates just two times in 2024, according to a note from Goldman Sachs economist Jan Hatzius.