Goldman Sachs adjusts its expectations for an interest rate cut by the U.S. Federal Reserve!

In an update to its forecasts, Goldman Sachs has lowered its estimates regarding the expected interest rate cuts from the U.S. Federal Reserve this year, as the bank now anticipates a reduction of 50 basis points instead of the 75 basis points previously expected.

This adjustment came in response to the positive report on U.S. employment data, which highlighted significant strength in the U.S. labor market and prompted the bank to reassess its monetary policy strategy.

This adjustment occurs as the Federal Open Market Committee prepares to meet soon, specifically at the end of January, where the U.S. Federal Reserve is expected to make critical decisions based on the latest economic developments.

Read also:

Bank of America Adjusts Its Forecast: No U.S. Interest Rate Cuts in 2025

ANZ Bank Predicts Interest Rate Cut by the Australian Federal Reserve in February!