Goldman Sachs: Due to a strong labor market, no longer expects the Federal Reserve to cut interest rates this year.

Goldman Sachs: Due to a strong labor market, no longer expects the Federal Reserve to cut interest rates this year. BlockBeats news, June 8th, Goldman Sachs economists stated that because the labor market is stronger than expected, they no longer anticipate a rate cut by the Fed this year. The bank has pushed back the timing of its last two rate cuts from December 2026 and March 2027 to June and December 2027.
Next, three things need to be watched: whether related funds continue to flow in, whether on-chain trading volume and holdings continue to expand, and whether project parties or regulators provide new confirmation information. A single piece of news can only indicate that sentiment has been ignited; subsequent data will determine whether it can solidify into a trend.
Risks should also be on the table: but Goldman Sachs' chief U.S. economist, Merrick, pointed out that since inflation "seems unlikely to become self-sustaining," the likelihood of the Fed raising interest rates remains low. U.S. employment growth in May exceeded all expectations, showing resilience in the labor market, and intensifying market bets on the central bank raising rates.
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