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Goldman Sees Fed Cuts Delayed to December, March on Inflation
MarketsFacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Suvashree GhoshMay 9, 2026 at 6:24 AM UTCBookmarkSave
Goldman Sachs said it pushed back expectations for the US Federal Reserve’s next two rate cuts by one quarter to December 2026 and March 2027 as inflation proves stickier than anticipated.
Energy cost passthrough is likely to keep the core PCE inflation closer to 3% than the Fed’s 2% target through the year, delaying the conditions needed for policy easing, Goldman’s US economists wrote in the May 8 report.
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