BofA and Goldman Sachs Delay Fed Rate Cut Forecasts
BofA and Goldman Sachs delayed Fed rate cut forecasts due to high inflation and strong jobs. BofA sees no cuts in 2026 while Goldman expects a December start.
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BANK OF AMERICA CORP and GOLDMAN SACHS GROUP INC postponed their Federal Reserve rate-cut forecasts to late 2026 and 2027. BofA now expects zero cuts in 2026, while Goldman delayed its first projected reduction from September to December. Strong labor data and energy-driven inflation are forcing investors to price in higher-for-longer rates through year-end.
