S&P Global Ratings Forecasts US GDP Growth Boost and Potential Interest Rate Cuts by the Federal Reserve
Wednesday, 27 March 2024, 13:40
US GDP Growth Forecast by S&P Global Ratings
S&P Global Ratings has revised its US GDP growth forecast for 2024 due to a solid performance in 2023, boosted by declining inflation pressures.
Potential Interest Rate Cuts by the Federal Reserve
- Chief Economist Paul Gruenwald projects up to five rate cuts in the following year.
- In scenarios of worsening labor market conditions, the Fed may consider more aggressive rate adjustments.
- The baseline expectation is a gradual policy approach with a target of achieving two percent inflation.
About the Expert
Join Economist Paul Gruenwald from S&P Global Ratings and Yahoo Finance to delve deeper into the economic forecasts and policy projections.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.