Don’t Expect Rate Cuts Before May, Say Goldman Economists

Interest-rate cuts could be some way off. The Federal Reserve will only start cutting interest rates in the second quarter of next year, Goldman Sachs economists led by Jan Hatzius said in a note Sunday. "Fed officials will want to minimize the risk that they could regret cutting if inflation stays too high," the team wrote, adding that it sees a lower-than-consensus probability of recession.