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Goldman Sachs Forecasts Two Fed Rate Cuts
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Goldman Sachs predicts two Fed rate cuts in 2024, with the first cut expected in Q3 due to cooling inflation. The announcement comes amidst stronger-than-expected U.S. labor market data and declining prices. The Federal Funds Rate is projected to be 4.875% by the end of 2024.
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How do Goldman Sachs' predictions reflect the broader economic trends and expectations for the U.S. economy?
How might the potential Fed rate cuts impact the stock market and investor sentiment?
What are the potential implications of the Federal Funds Rate reaching 4.875% by the end of 2024?
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