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Goldman Sachs Pushes Fed Rate-Cut Forecast to December 2026 and March 2027
Goldman Sachs pushed its forecast for the next two U.S. Federal Reserve rate cuts to December 2026 and March 2027. The bank cited stronger-than-expected inflation and said rising energy costs could keep core PCE around 3% this year, above the Fed’s 2% target. Goldman Sachs said that outlook could delay the conditions needed for monetary easing.