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.
$ETH In this wave, I see 800. Steady. The market has been in a bull market. Clearly unreasonable. It's a malicious pump! It does not conform to economic laws...
San Francisco Fed President Daly Expects Two Rate Cuts This Year
According to ChainCatcher, San Francisco Fed President Daly stated that despite the softening labor market and economic slowdown, she is still prepared to begin easing policy as early as next month, given that retail sales were stronger than expected and wholesale prices unexpectedly surged. Daly believes that lowering interest rates twice this year is still a good forecast compared to inflation above the Federal Reserve's target.