Goldman Sachs: Fed Likely to Cut Rates Twice This Year, But Later Than Expected
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Goldman Sachs: Fed to Cut Rates Twice This Year, But Later Than Expected
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CNBC TV18•24-03-2026, 14:30
Goldman Sachs: Fed to Cut Rates Twice This Year, But Later Than Expected
•Goldman Sachs' Chief US economist David Mericle anticipates the US Federal Reserve will delay rate cuts due to persistent inflation and a softening labor market.
•Expectations for Fed rate cuts have been pushed back to September and December, despite a modest cooling in jobs data.
•Oil prices are projected to rise further in March and April, then gradually decrease, with risks skewed towards higher prices and longer Strait of Hormuz disruptions.
•Rising gasoline prices are a significant political concern in the US, especially with upcoming midterm elections.
•The Fed faces complex decisions balancing inflation and growth risks, but two rate cuts are still expected this year as the labor market softens and underlying inflation remains benign.
