🚨 Goldman Sachs now expects the Federal Reserve to start cutting interest rates in September! 🇺🇸
This is a significant shift from their earlier forecast and could have major implications for markets. Here's a quick breakdown:
* What's the news? Goldman Sachs Research economists now believe the Fed will cut interest rates three times this year, starting in September.
* Why the change? The bank cites evidence of smaller-than-expected effects from tariffs and stronger disinflationary forces. They also point to a slowing labor market and a cautious economic outlook.
* Market Impact? Rate cuts typically loosen financial conditions, which can be seen as a positive for risk assets like stocks and cryptocurrencies.
* What to watch? Keep an eye on upcoming economic data, especially inflation reports and jobs numbers. These will heavily influence the Fed's decision.
Stay informed and trade safe!
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