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Goldman Sachs: Expects The Federal Reserve (FED) to cut interest rates three times in 2025.
BlockBeats news, on May 5, Goldman Sachs expects The Federal Reserve (FED) to cut interest rates by 25 basis points in July, September, and October, due to recession risks brought about by tariffs and trade uncertainty. Goldman Sachs Chief Economist Jan Hatzius stated that the FED's stance is more cautious than the market expects. Although the FED's threshold for rate cuts is higher than in 2019, Goldman Sachs believes that despite high inflation, a rising unemployment rate may still prompt the FED to take action.