# Goldman Forecasts 2.8% Global Growth in 2027 and Two More Fed Hikes By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/56541 Published: 2026-11-13T10:15:43.000Z Updated: 2026-11-13T10:15:43.000Z Section: Investing > The bank expects rate cuts to begin in December 2027 and U.S. core PCE inflation to ease to 2.4% by year-end. Goldman Sachs projects global economic growth at 2.8% in 2027, compared with an estimated 2.7% in 2026, and forecasts two more Federal Reserve rate increases before cuts start in December 2027. The bank expects easing energy prices and continued investment in artificial intelligence to support growth. Those factors are expected to offset tighter financial conditions and fading fiscal support. The rate outlook extends Goldman’s earlier view that the Fed will raise rates in December and again in March 2027. The bank’s [earlier forecast added a March 2027 increase and delayed the first cut to December 2027](). Goldman also projects U.S. core personal consumption expenditures inflation will reach 2.4% by the end of 2027. The forecast places inflation and the Fed’s expected rate path alongside the bank’s view that global growth will edge higher next year. The bank identified three risks to its outlook: renewed escalation involving Iran that lifts energy prices, fiscal deficits that push long-term yields higher, and slower investment in AI. Goldman sees the balance of risks leaning toward weaker growth and lower interest rates. ## Links in this article - [earlier forecast added a March 2027 increase and delayed the first cut to December 2027](https://www.tokenpost.com/news/regulation/54596)