Nick Timiraos: Goldman Sachs raises core PCE expectations, still expects the Fed to cut interest rates three times in the second half of the year

Odaily News Nick Timiraos, a mouthpiece for the Federal Reserve, posted on the X platform that Goldman Sachs now expects core PCE to rise to 3.5% in 2025, higher than the previous 3.0% under the "less aggressive tariff" scenario. Despite the upward inflationary pressure, Goldman Sachs still expects the Federal Reserve to cut interest rates three times in the second half of this year to respond to the impact on economic growth and employment.