Exclusive-Fed's Bostic sees two rate cuts, soft landing next year
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BofA expects the Fed to cut rates 4 times next year
December 18, 2023 2:09 PM ESTBofA 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
Dovish Fed prompts Goldman to raise S&P 500 target just a month after setting it
December 18, 2023 5:25 AM ESTGoldman 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
