Goldman Sachs Revises Fed Rate Cut Forecast for 2024

According to Odaily, following the release of the non-farm payroll data, Goldman Sachs has adjusted its forecast for the Federal Reserve's interest rate cuts this year. The investment bank now anticipates a total reduction of 50 basis points, down from its previous prediction of 75 basis points. Goldman Sachs expects the Federal Reserve to implement 25 basis point cuts during its policy meetings in June and December.