Goldman Sachs just dropped a major financial bombshell, forecasting a series of 25-basis-point cuts from the U.S. Federal Reserve, starting this November and rolling all the way through June 2025. Get ready for rates to dip to a cozy 3.25% – 3.5%! 🌊💸
🚨 What’s Happening? 🔍
The Fed recently slashed the overnight rate by 0.5%, saying inflation is chillin’ and might just hit that sweet 2% target. As of now, the overnight rate is at 4.75% – 5.00%, and it’s impacting how much banks charge and how much we pay for borrowing! 💳💵
📊 Market Reactions
Brace yourselves! There’s a 94.1% chance that another 25-basis-point cut is coming at the next Fed meeting. Only a slim 5.9% chance they’ll keep things steady. 🚀😲
🌍 ECB Joins the Party!
Not just the Fed—Goldman Sachs is also eyeing the European Central Bank, expecting them to cut rates by 25 bps today, with more cuts coming until they hit 2% by June 2025. 🏦💶
🎯 Why It Matters?
Lower rates = cheaper loans = happy wallets! 🤑 Whether you’re a consumer or a business owner, you could see more cash flowing your way thanks to these cuts! 💰✨
Stay tuned for more Fed fun! 📅🔥