PANews reported on May 3 that the strong non-farm employment data released on Friday, May 3, led Goldman Sachs and Barclays, two major financial institutions, to independently predict that the next Federal Reserve rate cut might not occur until at least July. Goldman Sachs still expects three rate cuts of 25 basis points each in 2025, in July, September, and December, but also warns that if future employment data remains strong, the timing of the rate cuts could be further delayed.