[Goldman Sachs: If the US core CPI is high in May, the expectation of a rate cut in 2024 will change to one] Golden Finance reported that Goldman Sachs expects that the Fed's June dot plot will show two rate cuts in 2024 (down from three in March), four rate cuts in 2025, and three rate cuts in 2026. If the core CPI in May is high, the expectation of a rate cut in 2024 will change to one. Due to the fiscal deficit and strong risk sentiment, the terminal interest rate is likely to remain above the neutral rate. In the summary of economic expectations, core PCE inflation is expected to rise to 2.8% in 2024. No major changes are expected in the FOMC statement and Powell's wording.