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Goldman Sachs has revised its S&P 500 projections upward, citing increased likelihood of Federal Reserve rate cuts starting in September. The bank now anticipates multiple 25-basis-point reductions through 2026, driven by milder-than-expected tariff impacts and a cooling labor market.
- Goldman Sachs predicts three consecutive 25-basis-point Fed rate cuts starting September 2024, followed by additional cuts in 2026.
- The bank's upgraded S&P 500 forecast reflects reduced concerns about Trump-era tariffs and a still-healthy but cooling labor market.
- CME FedWatch Tool shows 62.7% market expectation for September rate cut, aligning with Goldman's revised outlook.
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