Countdown to the Federal Reserve's interest rate decision, Goldman Sachs expects three more rate cuts this year
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Goldman Sachs predicts that the Federal Reserve will cut interest rates three times in the coming months, totaling a reduction of 75 basis points, in July, September, and October. This move aims to address inflation and employment risks triggered by tariff measures. Despite a pessimistic economic outlook, the Federal Reserve is expected to wait for strong signals from the labor market before taking action. U.S. economic indicators have shown mixed results, with April's job additions exceeding expectations, but consumer confidence dropping to a 13-year low. Federal Reserve Chairman Jerome Powell warned that tariffs could impact economic goals
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