Goldman says Three Cuts by Year End Are Coming

"The Fed showed its hand. Cuts are happening."

Bottom line: Now we know why everything ripped higher

Three weeks days ago CITI Dropped a rate cut bomb, calling for 7 cuts over the next 12 months

Following yesterday’s FOMC decision to not cut, JPM came out late yesterday, virtually guaranteeing a cut in September. Now GS, weighs in calling for 75 bps by December 31. They all see something similar: That CPI will fall off a cliff, unemployment will soon ramp, and the Fed will have to cut more aggressively as the year end. Here is Goldman’s rationale summed up along with some commentary before tomorrow’s Unemployment numbers.

Goldman’s Analysis of Rate Cuts and Tomorrow’s Unemployment Numbers

“You must believe that your past is not your future.”
— Gayle Carson

(emphasis ours)