FOMC Meeting and Inflation Report to Shake Markets Today Expected to be a Day of Volatility

Goldman Sachs Economist Predicts Fed Will Cut Rates Twice
Goldman Sachs predicts that the Federal Reserve will cut interest rates twice starting in September, while others such as Bank of America forecast one rate cut. Citigroup even considers the possibility of three rate cuts, but the dot plot is expected to show two cuts. Goldman Sachs points out that due to differing opinions among FOMC participants, it is difficult to accurately predict the outcome.