Goldman Sachs: It is currently predicted that the Federal Reserve will cut interest rates by 75 basis points this year

Goldman Sachs economists currently predict that the Federal Reserve will cut interest rates by 75 basis points this year, a smaller reduction than the previously expected 100 basis points. This forecast is more dovish than current market pricing because the bank believes potential inflation is on a downward trend. Economists also express doubt about whether possible policy changes from the new Trump administration could lead to an increase in interest rates.