According to Wall Street Journal reporter Nick Timiraos, Goldman Sachs currently expects the core Personal Consumption Expenditures (PCE) growth rate to rise to 3.5% this year, compared to its previous forecast of 3.0%. At the same time, Goldman Sachs anticipates that the Federal Reserve will cut interest rates three times in the second half of this year to address the impact on economic growth and employment.
Goldman Sachs predicts three rate cuts by the Fed in the second half of the year
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