According to Goldman Sachs (via ChainCatcher), the bank pushed back its forecast for the Federal Reserve’s next two rate cuts to December 2026 and March 2027, citing persistent inflation pressure. Following the April 29 FOMC decision, Goldman Sachs economists noted that energy cost pass-through could keep core Personal Consumption Expenditures (PCE) inflation near 3% throughout 2026, above the Fed’s 2% target. The economists also stated that monthly data softening and labor market weakness must precede any rate cuts. The April 29 meeting saw four dissenting votes, the most since 1992, with the Fed maintaining the federal funds rate at 3.50%-3.75%.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ECB's Lagarde Navigates Between Early and Late Action on Iran War, Inflation Impact
According to Spanish national television, European Central Bank President Christine Lagarde said on May 9 that the ECB is carefully weighing its response to the Iran war and its impact on inflation to ensure it neither acts too early nor too late. Lagarde stated that policymakers face "enormous
GateNews5h ago
Offshore CNY Breaks 6.80 Against USD for Consecutive Two Days, Market Confidence Strengthens
According to China Finance 100, offshore Chinese yuan strengthened against the U.S. dollar on May 9, breaking the 6.80 level for the second consecutive day. The move reflects sustained U.S. dollar weakness and China's resilient trade competitiveness, according to Zeng Gang, director of the
GateNews9h ago
Bank of America Delays Rate Cut Forecast to 2027 H2 Amid High Inflation, Strong Jobs Growth
According to Bank of America's global research division on May 9, the Federal Reserve will delay interest rate cuts until the second half of 2027, citing elevated inflation and strong employment growth. The bank previously forecast rate cuts in September and October 2026. Economists at BAC stated in
GateNews9h ago
Japan's Government Debt Hits Record 1.34 Quadrillion Yen as of End-March 2026, Up 10th Consecutive Year
According to Japan's Ministry of Finance, as of end-March 2026, Japan's total government debt reached 1.34 quadrillion yen, up 20.13 trillion yen year-over-year and marking a record high for the 10th consecutive year. Government bonds totaled 1.21 quadrillion yen, with ordinary bonds accounting for
GateNews10h ago
Gold Holds Above $4,600 as Dollar Weakens on Japan FX Intervention
On Friday (May 9), gold prices held steady above $4,600 per ounce, gaining nearly 2% the previous trading day, supported by a sharp U.S. dollar decline following Japan's foreign exchange market intervention.
The geopolitical tensions between the U.S. and Iran over the Strait of Hormuz have
GateNews11h ago
SHIBOR Rates Decline Overnight; 7-Day Rate Falls 2.7bps to 1.3180%
Overnight SHIBOR declined 3.1 basis points to 1.2240%, while the 7-day SHIBOR fell 2.7 basis points to 1.3180%. The 3-month SHIBOR edged down 0.3 basis points to 1.4140%.
GateNews12h ago
