[Goldman Sachs Delays Fed's Next Two Rate Cuts by One Quarter to December This Year and March 2027] Amid the ongoing stalemate in the Middle East conflict and inflation proving more stubborn than expected, Goldman Sachs has postponed the timing of the Federal Reserve's next two rate cuts by one quarter each, now projecting them for December this year and March 2027. This forecast from Goldman Sachs undoubtedly further dampens market hopes for rate cuts. Goldman Sachs believes that the pass-through effects of energy costs will keep core PCE inflation near 3% for the rest of the year, significantly above the Fed's 2% policy target, making the conditions for rate cuts difficult to materialize. Previously, the International Monetary Fund (IMF) also predicted that core PCE inflation would not fall back to 2% until early 2027. (Cailian Press)