According to Wall Street Journal reporter Nick Timiraos, Goldman Sachs adjusted its forecast for this year's core personal consumption expenditure ( PCE ) growth rate from the previous 3.0% to 3.5%. Goldman Sachs also predicts that The Federal Reserve (FED) will implement three interest rate cuts in the second half of this year to address economic growth and employment conditions.
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According to Wall Street Journal reporter Nick Timiraos, Goldman Sachs adjusted its forecast for this year's core personal consumption expenditure ( PCE ) growth rate from the previous 3.0% to 3.5%. Goldman Sachs also predicts that The Federal Reserve (FED) will implement three interest rate cuts in the second half of this year to address economic growth and employment conditions.