Goldman Sachs postponed Federal Reserve interest rate cut expectations until the end of the year, lowering the possibility of a U.S. recession
Online reported that Goldman Sachs adjusted its forecast for the Federal Reserve's next interest rate cut to December (previously expected to be July). Analysts at the bank said: "In view of developments and the significant easing of the financial environment last month, we will increase the U.S. economic growth forecast for the fourth quarter of 2025 by 0.5 percentage points to 1%, and reduce the possibility of a recession in the next 12 months to 35%. At the same time, we have lowered our forecast for the core personal consumption expenditure (PCE) inflation path to peak at 3.6%(previously expected to be 3.8%)."
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