🇺🇸🥷Goldman Sachs predicts three Fed rate cuts in 2025 amid weak labor market

Goldman Sachs forecasts cuts of 25 basis points in September, October, and December, lowering the benchmark rate to the range of 3.00%–3.25%.

The decision is driven by the slowdown in job creation in the U.S., well below what is needed to maintain full employment. The institution also expects two more cuts in 2026 if the weakness persists.