Goldman Sachs: Expects the Fed to Cut Interest Rates by 25 Basis Points for Three Consecutive Meetings Starting in September

BlockBeats News, August 5th, Goldman Sachs stated, "We expect the Fed to start a series of three interest rate cuts in September, each cut being 25 basis points; if the next report shows a further increase in the unemployment rate, they may cut by 50 basis points." (FX168)