Goldman Sachs: Currently expects the Fed to cut interest rates by 75 basis points this year

Goldman Sachs economists now expect the Federal Reserve to cut interest rates by 75 basis points this year, less than the previous expectation of 100 basis points. The forecast is more dovish than the current market pricing because the bank believes that the underlying inflation rate is on a downward trend. Economists also expressed doubts about whether possible policy changes under the new Trump administration will lead to higher interest rates. (Jinshi)