ICYMI - Goldman Sachs pushes Fed rate cut call to July (from June)

Goldman Sachs has revised its forecast for a Federal Reserve interest rate cut, pushing the expected timing from June to July. The investment bank now believes that the Fed will cut rates by 25 basis points in July, instead of the previously predicted June rate cut.

The change in forecast comes as a result of the ongoing trade tensions between the United States and China, as well as the weakening global economic data. Goldman Sachs economists now expect the Fed to act more cautiously in response to these factors, leading to a delay in the anticipated rate cut.

The revision from Goldman Sachs reflects the uncertainty surrounding the timing and magnitude of future rate cuts by the Fed, as well as the potential impact of external economic factors on the US economy. Investors will be closely watching for any further developments in the Fed's monetary policy decisions in the coming months.