According to Bloomberg, Goldman Sachs announced that it has pushed back its forecast for the timing of the US Federal Reserve's future interest rate cuts by one quarter compared to its previous expectations, reflecting stronger-than-expected inflation trends. In a report on the 8th (local time), Goldman Sachs explained that it expects the Fed's next two rate cuts to occur in December 2026 and March 2027, respectively. Goldman Sachs analysts analyzed, “With the impact of rising energy costs reflected, there is a possibility that this year's core Personal Consumption Expenditures (PCE) price index will remain at around 3%, higher than the Fed's target of 2%.”
They added, “As a result, the timing for the Fed to meet the conditions for policy easing may also be delayed.”
