Goldman Sachs and Barclays Push Fed Interest Rate Cut to July After Strong Payroll Data

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Published May 2, 2025, 03:40 PM

Goldman Sachs and Barclays have both revised their forecasts for the timing of the Federal Reserve's next interest rate cut, now expecting it to occur in July rather than June. This adjustment follows the release of the latest nonfarm payrolls data, which showed payroll growth above expectations and an unchanged unemployment rate. The stronger-than-anticipated employment report has led these financial institutions to push back their previous predictions for the Federal Reserve's monetary policy easing.

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