Goldman Sachs predicts that the Federal Reserve will cut interest rates three times in the second half of the year

Despite Goldman Sachs currently predicting that the core Personal Consumption Expenditures (PCE) growth rate will rise to 3.5% this year, compared to a previous expectation of 3.0% for lower tariffs. However, at the same time, Goldman Sachs expects the Federal Reserve to cut interest rates three times in the second half of this year to cope with shocks to economic growth and employment.