Goldman Sachs expects the Federal Reserve to cut interest rates three times this year
2025-08-18 10:42:55
Goldman Sachs expects the Federal Reserve to cut interest rates three times this year, in September, October and December, due to weak US job growth. Analysts note that job creation has slowed to about 30,000 a month, well below the roughly 80,000 needed to reach full employment, and that future revisions are likely to be negative. They see risks not just from trade and immigration, compensatory hiring is fading, and growth in most industries is close to zero. Goldman warned that even a slight labour market slowdown was a concern, even as the unemployment rate remained stable. A more pronounced rise in the unemployment rate could trigger a larger 50 basis point rate cut.
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