BlockBeats News, May 13th, Goldman Sachs has adjusted its expected timing of the next Fed rate cut to December (previously expected in July).
A Goldman Sachs analyst stated: "Given the developments and the significantly easier financial conditions last month, we have raised our forecast for the US 2025 fourth-quarter GDP growth rate by 0.5 percentage points to 1% and reduced the probability of an economic recession in the next 12 months to 35%. At the same time, we have lowered our core personal consumption expenditure (PCE) inflation path expectation, expecting it to peak at 3.6% (previously expected to be 3.8%)." (FX678)
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