Goldman Sachs: If the employment market data for August is weak when announced next week, it may prompt the Federal Reserve to cut interest rates by 50 basis points

ChainCatcher news, according to Jinshi reports, Goldman Sachs fixed income and liquidity solutions macro strategist Gurpreet Garewal stated in a report that the Federal Reserve is expected to cut interest rates by 25 basis points in September, November, and December consecutively.

However, she mentioned that if the August employment report released next week shows more signs of weakness in the labor market, it may prompt the Federal Reserve to begin larger rate cuts of 50 basis points.