Goldman Sachs: No Fed Rate Cuts Until 2027 Amid Strong US Jobs Data
GS sits 75% above its 52-week low of $592.9.
Summary
Goldman Sachs has pushed its forecast for Federal Reserve rate cuts to 2027, citing stronger-than-expected US jobs data and resilient economic activity. This revision moves the expected cuts from late 2026 and early 2027 to June and December 2027. This follows a series of economic forecast updates from Goldman Sachs in recent months. As a major financial institution, Goldman Sachs' economic outlooks are closely monitored by the market and can influence investment strategies, suggesting a prolonged period of higher interest rates.
At the time of this announcement, GS was trading at $1,037.00 on NYSE in the Finance sector, with a market capitalization of approximately $306.4B. The 52-week trading range was $592.90 to $1,098.36. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.