Schiffrin sees four rate cuts and 2% inflation

Calculated outlook: People go about their business in a New York neighbourhood. Trading executive Schiffrin correctly predicted a soft landing in the US economy and expects Europe and the United Kingdom to follow the Fed with their cuts. — Bloomberg

NEW YORK: The Federal Reserve (Fed) will lower interest rates starting in March for a total of four times this year, and inflation will hit the central bank’s 2% target, according to Joshua Schiffrin, Goldman Sachs Group Inc’s global head of trading strategy.

The trading executive, who last year correctly predicted a soft landing in the US economy, expects the Fed’s counterparts in Europe and the United Kingdom to follow suit.