Goldman Sachs economists now believe that the Federal Reserve will cut interest rates by 25 basis points in June and September 2025, compared to the previous forecast of May and June.
Chief economist Jan Hatzius's team wrote in a report on November 7 that the Federal Reserve may want to be more cautious in its actions after a 25 basis point rate cut.
They expect the Federal Reserve to cut interest rates by 25 basis points at meetings in December, January, and March.
Barclays has revised its forecast for the Federal Reserve's interest rate cuts in 2025 from three times to two.