Exclusive-Fed's Bostic sees two rate cuts, soft landing next year
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December 18, 2023 2:09 PM EST
BofA sees the US Federal Reserve cutting rates four times in 22024, as it now predicts faster growth and lower inflation for the US economy.
BofA's analysts said in a note to clients Monday that incoming data is signaling the US economy can enjoy both modest growth and disinflation simultaneously. "Despite weak readings on consumer confidence, the... More
December 18, 2023 5:25 AM EST
Goldman Sachs strategists now anticipate the S&P 500 reaching a record level of 5,100 in 2024, citing falling inflation and expected Federal Reserve easing.
The 3-month and 6-month targets are set at 4,800 and 4,900, respectively, while the year-end target reflects a P/E greater than 19x.
The optimistic outlook is supported by recent... More
