Goldman Sachs has postponed the Federal Reserve's interest rate cut to December and raised its forecast for U.S. economic growth this year to 1%

Goldman Sachs has postponed the Federal Reserve's next interest rate cut from July to December, and will implement three rate cuts, but will do so at alternate meetings rather than consecutively at three meetings.

Goldman Sachs stated that due to the relatively robust growth of the U.S. economy, a slight slowdown in the rise of the unemployment rate, and a decreased urgency for policy support, the rationale for the Fed's rate cuts has shifted from "providing insurance" to "normalization."

With the easing of the U.S.-China trade war, Goldman Sachs has raised its U.S. economic growth forecast for this year by 0.5 percentage points to 1%, and has lowered the probability of an economic recession within the next 12 months to 35%