According to Goldman Sachs’ outlook, because inflation was higher than expected in the past two months, Goldman Sachs has to adjust its interest rate forecasts for 2024. Goldman said that although inflation is still high recently, it still has confidence the inflation will decrease to meet for a first cut by the Federal Open Market Committee in June

Goldman Sachs forecasted that the FED will cut three 25-basis point interest rates this year compared to its previous four rate cut predictions.