Goldman Sachs forecasts that the Federal Reserve will start three consecutive rate cuts of 25 basis points in September

Goldman Sachs forecasts that the Federal Reserve will start three consecutive interest rate cuts of 25 basis points in September. Goldman Sachs also said that if the August non-farm payrolls report continues to show weakness and confirms a slowdown in employment growth, then it does not rule out the possibility of a 50 basis point interest rate cut in September.