Goldman Sachs: Forecasts that the Federal Reserve will cut interest rates by 25 basis points three consecutive times starting in September.
On August 2nd, Goldman Sachs stated that the growth in U.S. non-farm employment slowed more than expected, with the unemployment rate rising to 4.3%. We have now revised our forecast for the Federal Reserve, expecting three consecutive 25-basis point rate cuts starting in September.
Furthermore, Goldman Sachs said that if the August non-farm employment report also shows a weak performance, confirming the slowdown in job growth, the possibility of a 50-basis point rate cut in September cannot be ruled out.
