"Goldman Sachs Forecasts First Fed Interest-Rate Cut in June"

Goldman Sachs economists have revised their forecast for the first Federal Reserve interest-rate cut to June, citing recent comments from the central bank and minutes of its January meeting. They now expect four rate reductions this year, with moves in June, July, September, and December, and four more cuts next year. The Fed's thinking has shifted due to strong economic data, leading officials to be less concerned about keeping rates too high for too long, and a desire for more definitive evidence that inflation will approach 2% before cutting rates.