Goldman Sachs Delays Rate Cut Forecast from June to July

Goldman Sachs has pushed back their expected timeline for the first Fed rate cut from June to July FOMC meeting, citing stronger than anticipated economic data:

Real employment growth estimate: 149,000 jobs
Better-than-expected employment figures
ISM Manufacturing Index showed improvement in recent release

These robust economic indicators suggest the Fed has less urgency to cut rates, supporting Goldman's revised forecast for a later pivot to policy easing. #FedPolicy #EconomicData