Goldman Sachs predicts that the Federal Reserve will cut interest rates three times this year.

On the 13th, Goldman Sachs predicted in a research report that the Federal Reserve will cut interest rates three times this year, each time by 25 basis points, and will cut rates two more times next year. After these five rate cuts, the federal benchmark interest rate will be lowered to a range of 3% to 3.25%, lower than the current level of 4.25% to 4.5%.