Nick Timiraos: Still expects the Federal Reserve to cut interest rates three times in the second half of the year

ChainCatcher news, Federal Reserve mouthpiece Nick Timiraos posted on X platform that Goldman Sachs now expects the core PCE to rise to 3.5% in 2025, up from the previous 3.0% under the scenario of "less aggressive tariffs." Despite upward inflationary pressures, Goldman Sachs still expects the Federal Reserve to cut interest rates three times in the second half of this year to address the impacts on economic growth and employment.