TechFlow, on May 3, according to Wall Street Insights, strong non-farm payroll data released on Friday led two major financial institutions, Goldman Sachs and Barclays, to reach a similar outlook: the Fed's next rate cut may not occur until at least July.
Goldman Sachs still expects three 25-basis-point rate cuts in 2025, in July, September, and December, but warned that if upcoming employment data remains strong, the timing of rate cuts could be further delayed.
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