Goldman Sachs Chief Economist, Jan Hatzius, expects the Federal Reserve to implement two interest rate cuts before the end of the year. This could continue in the first half of 2025, with the final interest rate falling to 3.25%-3.5%. However, there is significant uncertainty surrounding the Fed’s rate cut rate and ultimate target next year.
Hatzius’ forecast is about 50 basis points higher than the market consensus.
