BlockBeats News, May 5th, Goldman Sachs expects the Federal Reserve to cut interest rates by 25 basis points in July, September, and October, respectively, citing recession risks from tariffs and trade uncertainty.
Jan Hatzius, Chief Economist at Goldman Sachs, stated that the Federal Reserve's stance is more cautious than the market anticipated. While the Fed has a higher bar for rate cuts in 2019, Goldman believes that rising unemployment, despite elevated inflation, could prompt the Fed to act.
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