Barclays and Goldman Sachs expect the Federal Reserve to cut interest rates in July

According to BlockBeats, the strong non farm payroll data released on Friday, May 3rd, has led two major financial institutions, Goldman Sachs and Barclays, to make unanimous expectations that the next Fed rate cut may not happen until at least July. Goldman Sachs still expects three 25 basis point interest rate cuts in 2024, in July, September, and December respectively, but also warns that if future employment data becomes strong again, the timing of interest rate cuts may be further postponed. (Observations from Wall Street)