Golden Finance reports that Goldman Sachs expects the Federal Reserve to cut interest rates three times this year, with expected cuts in September, October, and December, due to weak job growth in the United States. Analysts point out that the number of new jobs has slowed to about 30,000 per month, far below the approximately 80,000 needed to achieve full employment, and future data revisions may lean negative. They believe the risks come not only from trade and immigration, but also that compensatory hiring is diminishing, with growth in most industries nearing zero. Goldman Sachs warns that even though the unemployment rate remains stable, even a slight slowdown in the labor market is concerning. If the unemployment rate rises more significantly, it could trigger a larger rate cut of 50 basis points.