Barclays and Goldman Sachs expect the Federal Reserve (FED) to cut interest rates in July.

2025-05-03 01:49:47

On May 3, the strong non-farm payroll data released on Friday led both Goldman Sachs and Barclays to make a unanimous expectation: The Federal Reserve may not cut interest rates until at least July. Goldman Sachs still expects three rate cuts of 25 basis points each in 2024, scheduled for July, September, and December, but also warns that if future employment data remains strong, the timing of the rate cuts may be further delayed. (Wall Street Insights)

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