Goldman Sachs: The U.S. is expected to start cutting interest rates in the third quarter of next year

Odaily News Goldman Sachs said it expects the Federal Reserve to cut interest rates twice next year and will bring forward its first rate cut to the third quarter, citing cooling inflation. Goldman Sachs had previously predicted that the United States would start cutting interest rates in December next year. Healthy growth and labor market data suggest that a rate cut is not imminent... but better inflation news does suggest that normalized rate cuts may come sooner, Goldman Sachs economist Jan Hatzius said in a note. (REUTERS )