Goldman Sachs: The Federal Reserve is expected to cut interest rates by 25 basis points three times in a row starting in September

BlockBeats news, on August 2, Goldman Sachs said that the slowdown in US non-farm employment growth exceeded expectations and the unemployment rate rose to 4.3%. We now change our forecast for the Fed to three consecutive 25 basis point rate cuts starting in September.

In addition, Goldman Sachs said that if the August non-farm employment report also recorded a weak performance and confirmed the slowdown in employment growth, then the possibility of a 50 basis point rate cut in September cannot be ruled out. (Jinshi)