According to Odaily, Goldman Sachs has forecasted a series of interest rate cuts by both the Federal Reserve and the European Central Bank over the next two years. The investment bank anticipates that the Federal Reserve will implement consecutive 25 basis point rate cuts from November 2024 to June 2025, ultimately bringing the target range to 3.25%-3.5%. This prediction reflects expectations of a gradual easing of monetary policy in response to economic conditions.In addition, Goldman Sachs projects that the European Central Bank will begin its rate-cutting cycle in October 2024 with an initial 25 basis point reduction. The bank expects this trend to continue with successive 25 basis point cuts until the policy rate reaches 2% by June 2025. These anticipated actions by the ECB are seen as measures to support economic growth and stability within the Eurozone.
