The Fed won't cut interest rates and will keep battling inflation through next year and into 2024, says Goldman Sachs' chief US economist

Dec 14 2022 by Business Insider

 
Inflation cooled again through November, climbing 7.1%

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The Fed won't pivot as it'll keeping fighting inflation till 2024, says a Goldman Sachs economist. "I'm not expecting cuts next year," he said, adding he sees a 0.50% rate hike on Wednesday.  Investors are expecting the Fed to slow down the pace of its rate increases at its last policy meeting of the year. 

The Federal Reserve still has much ground to cover in terms of policy action before it can...

Continue Reading The Fed won't cut interest rates and will keep battling inflation through next year and into 2024, says Goldman Sachs' chief US economist