Diverging Forecasts on Federal Reserve Rate Cuts and Income Inequality
===============
#9473050b ver:0.19
Goldman Sachs, Morgan Stanley, and UBS have differing forecasts on the magnitude of Federal Reserve rate cuts. UBS anticipates deep interest-rate cuts starting as soon as March 2024, assuming that the US economy will slide into a recession from the second quarter . UBS economists have revised their outlook for the U.S. economy, projecting a real GDP growth rate of approximately 1.25% over the four quarters of 2024. They expect the labor market to continue expanding, albeit at a slower pace, with only a minor increase in unemployment rates. The economists have adjusted their core PCE inflation forecast for 2024 upwards by about 0.4 percentage points, now expecting it to reach 2.3% on a year-over-year basis in the fourth quarter. They anticipate the FOMC to begin reducing the restrictive sta...
#newstr #FederalReserve #InterestRates #EconomicForecasts #IncomeInequality