Goldman Sachs postpones the expected Fed interest rate cut from June to July due to a stronger-than-expected non-farm payrolls report.

Goldman Sachs economists have postponed their expectations for a rate cut by the Federal Reserve from June to July, following stronger-than-expected nonfarm payroll reports released on Friday and manufacturing survey reports released on Thursday. Interest rate swaps indicate a 35% probability of a 25 basis point rate cut at the June meeting, while the scenario of a rate cut in July has already been fully priced in.