Goldman Sachs delays Fed rate cut expectations to December 2026, citing inflationary pressures as the main reason

According to ChainCatcher, Goldman Sachs has postponed its forecast for the next two Federal Reserve rate cuts to December 2026 and March 2027. The report points out that the transmission of energy costs may keep core Personal Consumption Expenditures (PCE) inflation around 3% throughout 2026, higher than the Federal Reserve's 2% target. Previously, the International Monetary Fund (IMF) also predicted that core PCE would not return to 2% until at least early 2027.