Goldman Sachs expects the Federal Reserve to cut interest rates three times in 2025, due to weak job growth
According to BlockBeats, on August 18, Goldman Sachs expects the Federal Reserve to cut interest rates three times in 2025, 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. Future revisions to the data may lean negative, with risks coming from trade and immigration, and compensatory hiring is fading. Goldman Sachs warns that although the unemployment rate remains stable, a slight slowdown in the labor market is also concerning. If the unemployment rate rises significantly, it could trigger a larger cut of 50 basis points.
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