Goldman Sachs Delays Fed Rate Cut Forecast to December 2026
Goldman Sachs delayed its Fed rate cut forecast to December 2026 as the Iran war drives energy prices. High inflation remains a key risk for policymakers.
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GOLDMAN SACHS GROUP INC delayed its forecast for United States interest rate cuts to December 2026. The bank previously expected the first reduction in September 2024, but 10 weeks of war involving Iran spiked energy costs. Higher borrowing costs will persist as inflation remains well above the Federal Reserve's 2% target.
