Goldman Sachs’ chief equity strategist, David Kostin, has revised the 2024’s year-end S&P 500 index target to 5100, marking a 7% increase from its current level, and up from the previous target of 4,700. The catalyst behind this bullish revision? A Federal Reserve that’s showing a willingness to hit the rate-cut button. Fed Fund Rate Forecast Shift: One of the key drivers behind Goldman’s upward revision of the S&P 500 target is the Federal Reserve’s change in tune. The bank’s economists have recently tweaked their Fed fund rate forecast, projecting rate cuts in March, May, and June of the upc…

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