Goldman Sachs expects September Fed rate cut, up to 50bp if jobs mkt slips further

Goldman Sachs expects September Fed rate cut, up to 50bp if jobs mkt slips further

• GS see three consecutive rate cuts from the Federal Open Market Committee (FOMC)

Goldman Sachs expects the Federal Reserve to begin cutting rates in September, projecting three straight 25 basis point reductions.

However, the bank says a larger 50bp cut is possible if the next jobs report shows a further rise in unemployment.