Goldman Sachs drops 2026 US rate cut forecast
Goldman Sachs has revised its forecast regarding the US interest rate cuts in 2026. The strength of the labor market and the job growth in May exceeding expectations have led to the exclusion of rate cuts this year, with the timing of the last two cuts extended to June and December 2027. The outlook indicates that interest rates are expected to remain stable at their current levels, with limited potential for small increases next year, as inflation remains under control. Additionally, the bank has lowered its unemployment rate forecast to 4.4% for this year.
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