Goldman Sachs Delays Fed Rate Cut Forecast to Dec. 2026
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Goldman Sachs delays first Fed rate cut to Dec 2026 (second in Mar 2027); cites energy passthrough keeping core PCE near ~3% and half of major forecasters see no 2026 cuts. April nonfarm payrolls +115,000, removing near‑term pressure on the Fed and shifting focus to containing inflation rather than labor. Crypto impact: prolonged tighter policy is a headwind for crypto prices and DeFi yields, likely slowing token launches, CEX/DEX fundraising and broader adoption while raising macro risk for security‑sensitive projects.
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- Goldman Sachs now expects the first Fed rate cut in December 2026, not September.
- April jobs added 115,000, removing pressure on the Fed to cut rates soon.
- Half of all major Wall Street forecasters now see zero Fed rate cuts in 2026.
Goldman Sachs has delayed its Federal Reserve rate cut forecast by one quarter. The bank now expects the first cut in December 2026 and the second in March 2027. Energy cost passthrough is keeping core PCE inflation closer to 3% than the Fed’s 2% target, pushing back the timeline for any policy easing.
April’s nonfarm payrolls came in at 115,000. Stable enough to remove pressure on the Fed to act. With the labour market no longer the concern, the Fed’s focus has shifted entirely to containing inflation.
“The Fed will shift its focus to containing upside inflation risks now that the labour market appears back on track,” said Goldman …
Read The Full Article Goldman Sachs Delays Fed Rate Cut Forecast to Dec. 2026 On Coin Edition.
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