On July 8, the world's leading financial group Goldman Sachs commented that the US Federal Reserve (Fed) may start cutting interest rates in September - earlier than the market's previous expectations.
The main reason pointed out by Goldman Sachs is the weakening impact of tariff policies as well as the recent downward trend of inflation in the US. This development creates conditions for the Fed to loosen monetary policy earlier to support economic growth without putting great pressure on consumer prices.
According to the updated forecast from Goldman Sachs, the terminal interest rate that the Fed is aiming for is likely to fluctuate in the range of 3.00% - 3.25%. Previously, this organization estimated that this interest rate range would be higher, from 3.50% - 3.75%.
